Monthly Cotton Economic Newsletter: April 2026

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SJ Guest Editorial

Mon, April 13, 2026 astatine 7:00 AM CDT 5 min read

Cotton benchmarks moved higher implicit the past month, but the complaint of summation slowed successful China.

Prices for the adjacent May NY/ICE futures declaration accrued from levels adjacent 65 cents/lb to those adjacent 70 cents/lb implicit the past month.
The December NY/ICE declaration roseate from values astir 69 cent/lb to adjacent 75 cents/lb.
The A Index moved from 75 to 82 cents/lb.
Gains for the CC (China Cotton) Index 3128B slowed implicit the past month, rising from 109 to 111 cents/lb oregon from 16,600 to 16,700 RMB/ton. In aboriginal December, the CC Index was adjacent 95 cents/lb. The RMB strengthened from levels adjacent 6.90 RMB/USD to those person to 6.80 RMB/USD.
Indian prices roseate from 75 to 83 cents/lb oregon from 54,100 to 60,000 INR/candy. The INR traded betwixt 92 and 95 INR/USD.
Pakistani prices surged higher implicit the past mates days, jumping from levels adjacent 73 cents/lb oregon 16,500 PKR/maund to levels adjacent 85 cents/lb oregon 19,600 PKR/maund. The PKR held adjacent 280 PKR/USD implicit the past month.

The latest USDA study featured increases to 2025/26 figures for some satellite accumulation (+879,000 to 121.9 million) and mill usage (+561,000 to 119.1 million). Historical revisions lifted 2025/26 opening stocks +310,000 bales (to 74.1 million). The nett effect of these changes connected 2025/26 ending stocks was a +657,000 bale summation (to 77.0 million).

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The largest country-level updates to accumulation numbers were for China (+300,000 bales to 35.8 million), India (+300,000 bales to 23.8 million), and Pakistan (+300,000 bales to 5.3 million).

For mill use, the largest changes were for China (+500,000 bales to 40.0 million), India (+500,000 bales to 25.5 million), Bangladesh (-200,000 bales to 7.8 million), and Vietnam (-200,000 bales to 7.8 million).

The planetary commercialized forecast decreased -159,000 bales to 43.7 million. In presumption of imports, the largest changes were for China (+400,000 bales to 6.0 million), Bangladesh (-200,000 bales to 7.7 million), India (+200,000 bales to 4.2 million), Vietnam (-200,000 bales to 7.8 million), and Pakistan (-300,000 bales to 5.2 million). India was the lone state to person a alteration of implicit 100,000 bales for exports (-200,000 bales to 1.2 million).

The struggle successful Iran is simply a cardinal interest for the planetary economy. There person already been challenges to that cease occurrence already emerging stemming from strikes successful Lebanon and charges being imposed connected shipping done the Strait of Hormuz. Uncertainty astir the struggle seems apt to remain. Constraints connected vigor flows and elevated vigor prices are a imaginable lingering outcome.

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