LUBBOCK, Texas (RFD NEWS) — Global cotton mill use is projected to reach 121.95 million bales in 2026/27, the highest level since 2017/18. University of Arkansas Extension Economist Ryan Loy says stronger textile demand could provide additional support for cotton producers.
USDA projects mill use will increase about 2 million bales from last year, marking a fourth consecutive annual gain. China is forecast at 41.5 million bales and India at 26 million, together accounting for 55 percent of global use.
Pakistan and Bangladesh are also expected to increase consumption as textile and apparel exports expand. U.S. mill use remains much smaller at 1.6 million bales, down from 2.5 million in 2021.
Stable cotton prices, higher synthetic-fiber costs and textile inventory rebuilding are supporting demand. Stronger consumption and tighter production are projected to reduce world ending stocks to 71.1 million bales, the lowest since 2018/19.
USDA’s July outlook projected the 2026/27 U.S. season-average farm price at 73 cents per pound, up 10.5 cents from 2025/26, giving growers a more supportive demand outlook.
