USA Lowers Cotton Price to 60 cents as Global Stocks Rise to 75.11 Million Bales

USDA’s Feb 2026 WASDE lifts 2025–26 global cotton output by 425,000 bales to 119.86 million, led by gains in China and South Africa.

Global consumption is reduced by 200,000 bales from 118.92 million to 118.72 million bales, including a 100,000-bale cut for Pakistan.

World exports are trimmed by 60,000 bales to 43.71 million bales, while global ending stocks rise by nearly 630,000 bales to 75.11 million bales, pushing the stocks-to-use ratio to 63%.

For the US, exports are lowered by 200,000 bales, lifting ending stocks and taking the stocks-to-use ratio to 32%, with the season-average upland price reduced by 1 cent to 60 cents per pound.