# Cotton Highlights from March WASDE Report

Author: Jim Steadman
Published: 2022-03-13
Canonical URL: https://www.cottongrower.com/market-analysis/cotton-highlights-from-march-wasde-report-6/

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USDA has released its [March 2022 World Agricultural Supply and Demand Estimates (WASDE) report](https://downloads.usda.library.cornell.edu/usda-esmis/files/3t945q76s/fj237573x/gh93j268p/wasde0322.pdf). Here’s this month’s summary for cotton:

**This month’s 2021/22 U.S. cotton supply and demand forecasts are unchanged relative to last month. The projected marketing year average price received by upland producers is also unchanged, at 90 cents per pound.**

**In the world 2021/22 cotton balance sheet, ending stocks are 1.7 million bales lower than a month earlier. A 300,000-bale decrease in production accounts for some of this change, but most of the decline stems from lower beginning stocks, reflecting updated Indian consumption estimates for 2019/20 and 2020/21 to reflect Indian government sources.**

**Projected world 2021/22 consumption is marginally higher this month, up 111,000 bales. But with a 1-million-bale increase in the 2020/21 global estimate, March’s projected consumption growth rate is lower this month. World consumption is now expected to grow 2.1% from a year earlier, below the 2.8% rate forecast in February.**

**Production is projected lower as a 500,000-bale reduction in India’s crop more than offsets a 150,000-bale increase for Mexico.**