# Cotton Highlights from April WASDE Report

Author: Jim Steadman
Published: 2022-04-11
Canonical URL: https://www.cottongrower.com/market-analysis/cotton-highlights-from-april-wasde-report-7/

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USDA has released its [April 2022 World Agricultural Supply and Demand Estimates (WASDE) report](https://downloads.usda.library.cornell.edu/usda-esmis/files/3t945q76s/jw828h37k/qv33t178d/wasde0422.pdf). Here’s this month’s summary for cotton:

**The U.S. cotton 2021/22 supply and demand forecasts are unchanged from last month. The marketing year price received by upland cotton producers is projected at a record 91 cents per pound – up 1 cent, reflecting recent high prices. The February 2022 upland farm price reached a record 100 cents per pound.**

**Month-to-month changes in the global 2021/22 cotton estimates are also small, with higher production and lower consumption resulting in an 800,000-bale increase in ending stocks, to 83.4 million bales. Production is forecast 340,000 bales higher, with increases for Pakistan and Greece. A 500,000-bale decline in China’s expected consumption resulted in a similar decline in the global estimate, which now stands at 124.1 million. A 300,000-bale decline in both China’s and Pakistan’s import forecasts are only partly offset by a 150,000-bale increase for Turkey. World trade is projected about 450,000 bales lower this month, with exports projected lower for India, Brazil, and Malaysia.**