#Raw Materials

2025-04-01

Tariffs to escalate, production to outpace consumption

In the 2024/25 season, estimates show that production should reach 25.9 million tonnes, 7.38% higher than in 2023/24. Consumption is expected to increase but by a smaller percentage (2.27%), reaching 25.5 million tonnes. Given escalating tariffs, regulatory pressures, and fiber market competition, consumption is expected to remain under pressure.

World trade is estimated to be about 9.9 million tonnes, which is very close to the previous season’s levels. The cotton lint trade is under slight pressure due to tariff escalations between China and USA, with both being leaders and close bilateral trade partners in cotton. Any changes in trade policies between those two countries would have ripple effects all over the global cotton trade.

In 2018 and 2019, during the trade tension phase between US and China, China had diverted its trade basket away from the USA and towards Brazil and Australia for its cotton import needs; those countries are expected to gain the most if tariff escalations between US and China continue in 2025. In the 2024/25 season, the USA has supplied comparatively more cotton to Pakistan and Vietnam than China.

Please note that the cotton balance sheets have been moved to the ICAC Data Dashboard. This ensures that the season balance sheets are always up-to-date and available whenever you need them. This also helps to reduce errors because the data is compiled directly from our database. They are included in this PDF report, but we strongly encourage users to obtain all data from the Dashboard.

Dr Matthew Looney has resigned as Data Scientist at the ICAC. The new author of Cotton This Month is Parkhi Vats, ICAC Economic Affairs Officer. You can email her with comments and questions by clicking here.

https://www.icac.org/

The next Cotton This Month will be released on May 1, 2025.

ICAC to collaborate with Uzbekistan and Bizpando on regenerative agriculture

The Government of Uzbekistan has allocated 55,000 hectares of land to implement a regenerative agriculture program for cotton as part of a collaborative project with the International Cotton Advisory Committee (ICAC) and Bizpando, a company with a a blockchain-based internet platform designed to ensure supply chain compliance.

ICAC announces postponement of the 83rd Plenary Meeting in Tanzania

Due to unforeseen circumstances arising from the recent developments in Tanzania, the ICAC has announced that its upcoming 83rd Plenary Meeting has been postponed. Scheduled for Nov. 17-20 in Mwanza, the delay was recommended by Tanzania, and the decision was made out of an abundance of caution, prioritizing the safety and well-being of all participants.

World Cotton Trade declined 4.1% in 2024/25, according to ICAC's 2025 World Cotton Trade Report

Washington, DC — The International Cotton Advisory Committee (ICAC) has released the 2025 World Cotton Trade Report, which covers trade developments in raw cotton since 1980. An annual publication, it provides analysis of world trade by region; import/export projections by country; matrices of trade flows; and seasonal estimates of export commitments to date.

BCI warns against ‘dangerous dilution’ of EU corporate directives

The approval of the European Commission’s Omnibus I proposal by the European Parliament’s Committee on Legal Affairs, accepting controversial changes to key sustainability directives is of great concern. These changes, namely to the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), threaten to significantly dilute business reporting and due diligence obligations.

ICAC releases 2025 edition of the Specialty Cotton Report

The ICAC has released the newest edition of the Specialty Cotton Report, a free publication that was created in 2023 to highlight the many new "identity cotton programs" that have been emerging around the world, in addition to covering long-staple (LS) and extra-long staple (ELS) cotton. For the ICAC's purposes, "specialty cotton" refers to any cotton that is remarkable in some way — LS, ELS, or falls under a specific identity program.

Fashion For Good launches “Beyond50 Denim” to address hemp integration barriers in global denim production

Fashion for Good, together with leading global brands BESTSELLER, C&A, PDS Limited, Reformation, and Target, launched Beyond50 Denim: Combining Cottonised Hemp and Green Chemistry, a project accelerating the use of hemp as an alternative to conventional cotton in denim. By combining two pioneering innovations (SEFF’s Nano-Pulse™ cottonised hemp fibres and FIBRE52™’s proprietary chemistry formulations with soft handfeel), the project seeks to demonstrate that hemp-based denim can match or even surpass cotton in both performance and appeal.

Spinnova and Rieter to publish a yarn spinning guideline for industrial partners

Spinnova and Rieter have published a comprehensive yarn spinning guideline for industrial partners, detailing how to produce compact yarn from SPINNOVA® fibre using Rieter’s state-of-the-art machinery. The step-by-step guide outlines key considerations at each stage of the spinning process and is available upon request.

Innovation and customer proximity – KARL MAYER’s clear focus makes an impression

ITMA ASIA in Singapore was a resounding success for KARL MAYER, exceeding all expectations. The company welcomed visitors from 39 countries and held around 570 expert discussions. Most guests came from India, followed by China, Indonesia and Pakistan. The exchange with them was both well-founded and targeted. Conversation topics ranged from investment projects and new technologies to opportunities for cooperation and business expansion.

Catching heart disease early with AI-based sensor system

It slips on like a normal vest: Fraunhofer IZM has created a smart sensor system in cooperation with the Charité and the Technical University of Berlin. The vest records a vast array of cardiovascular parameters, which an AI-based system uses to support medical diagnostics and spot potentially dangerous developments.