Cotton stocks set to rise: USDA data shows 5.4 million bales surge in supply in 2024-25
The US Department of Agriculture (USDA) has released its World Supply and Demand Estimate (WASDE) for May 2024, forecasting a significant increase in global cotton supplies for the 2024-25 season. According to the report, cotton production is expected to rise by 5.4 million bales, each weighing 480 pounds, with total global production projected at 119.05