Cotton and Hemp
U.S. Cotton Exports in 2023
Total Export Value
$5.95 Billion
Total Volume (Millions)
2.78 Metric Tons
3-Year Average
$6.84 Billion
Compound Average Growth
3.1% (2014-2023)
Data and Analysis
On November 5, the Ministry of Agriculture and Farmers Welfare published a marketing year 2024/25 production forecast at the lowest level in five years, at 23.4 million 480 lb. bales on an area of 11.4 million hectares.
Post raises its marketing year (MY) 2024/25 cotton production estimate to 6.2 million metric tons (MMT) on record high yields of more than 2.1 MT per hectare.
Post forecasts production for marketing year (MY) 2024/25 at 0.89 million 480-lb bales, a similar level as in MY 2023/24. The planting area is expected to decrease due to farmers switching to more profitable crops, drought conditions, and limited access to water from dams.
News and Features
The U.S. Department of Agriculture and the Office of the U.S. Trade Representative are accepting applications for new members to serve on the agricultural trade advisory committees.
The U.S. Department of Agriculture and the Office of the U.S. Trade Representative are accepting applications for new members to serve on agricultural trade advisory committees.
The American agricultural sector posted its best export year ever in 2022 with international sales of U.S. farm and food products reaching $196 billion.