Cotton prices have remained high in 2017-18 at an average of 84.63 cents per pound thus far over the course of the season.
Higher prices are expected to impact planting decisions to expand the area under cotton for the 2018-19 season. World area under cotton has averaged 32.4 million hectares over the last ten years and is projected to grow moderately during the next season.

World cotton consumption is expected to continue to grow steadily through 2018-19 to a projected 26.7 million tons from 25.5 million tons estimated in 2017-18. Global imports are expected to increase to leading importers. Imports by China are projected to continue to increase for the fourth consecutive year to 1.5 million tons. While Chinese import figures continue to increase, Bangladesh remains the leading global importer.

Planted cotton area is expected to increase in 2018-19 by eleven per cent in the United States. However drought conditions remain a concern for the cotton area in West Texas which represents approximately 25 per cent of the US production. Planted area in India is expected to decrease to 11.9 million hectares in 2018-19. Chinese planted area is expected to remain stable based on the continuation of Chinese support policies.