# Cotton Highlights from April 2024 WASDE Report

Author: Jim Steadman
Published: 2024-04-14
Canonical URL: https://www.cottongrower.com/market-analysis/cotton-highlights-from-april-2024-wasde-report/

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USDA has released its [April 2024 World Agricultural Supply and Demand Estimates (WASDE) report](https://downloads.usda.library.cornell.edu/usda-esmis/files/3t945q76s/0g3563734/0c4856877/wasde0424.pdf). Here’s this month’s summary for cotton:

**The U.S. 2023/24 cotton supply and demand projections are unchanged this month, with ending stocks forecast at 2.5 million bales or 18% of total disappearance. The marketing year price received by upland cotton producers is projected to average 76 cents per pound, a decrease of 1 cent from last month.**

**The global cotton supply and demand estimates for 2023/24 show higher trade and lower ending stocks compared with last month. World production and consumption are mostly unchanged. World trade for 2023/24 is projected 700,000 bales higher this month to nearly 44 million, as a 1.3-million-bale increase in China’s imports is only partially offset by reductions for Pakistan and Indonesia. Brazil, Australia, and Turkey exports are all projected higher.**

**Ending stocks for 2023/24 are projected down nearly 300,000 bales this month as lower stocks across West Africa, Australia, and Brazil more than offset higher supplies in China.**