Cotton and Hemp

Cotton production in Peru is estimated to reach 16,000 MT in CY 2023, increasing 8 percent compared to the previous year.

The 2022/23 cotton import forecast is reduced from 5 to 4.5 million bales due to the problems importers are facing in financing imports. Since December 2022, Pakistan’s shortage of dollars has hindered cotton importers’ ability to fulfill payment...

Indonesian cotton imports in 2021/22 increased by 11.7 percent to 2.57 million bales due to increased economic activity following relaxed COVID-19 restrictions. However, due to the global economic slowdown leading to lower demand for Indonesian textiles and products, cotton imports in 2022/23 are forecast to slightly decline to 2.50 million bales.

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.