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Cotton production is a $21 billion-per-year industry in the United States, employing over 125,000 people in total, [1] ... The average price was $0.58 per pound.
Abilene-area producers struggled with cotton production in 2023. Weather presented time challenges, and harvest numbers did not make the cut.
According to the ICAC, even though the United States may be the leading exporter of cotton, the cost of production is significantly higher than that of other countries. [9] The average cost of production of a pound of cotton is $0.80 per pound in comparison to $0.35 in the West African country of Benin. [9]
A "bale of cotton" is also the standard trading unit for cotton on the wholesale national and international markets. Although different cotton-growing countries have their bale standards, for example, In the United States, cotton is usually measured at approximately 0.48 cubic meters (17 cu ft) and weighs 226.8 kilograms (500 pounds). [6]
The following is a list of countries by raw cotton exports. Data is for 2022, in millions of United States dollars , as reported by The International Trade Centre . Currently the top fifteen countries are listed.
Due to the non-industrialized product, naturally colored cottons yield less per acre, but growers are paid higher prices for their harvest. In 1993, colored cotton prices ranged from $3.60 to $4.50 per pound compared to conventional white cotton at $0.60 to $0.90 per pound. [7]
Cotton production uses 2.5% of the world's farmland. [31] Half of all textiles produced are made of the fiber. [35] Cotton is a water-intensive crop, requiring 3644 cubic meters of water to grow one ton of fiber, or 347 gallons per pound. [36] Growing cotton requires 25% of insecticides and 10-16% of pesticides of what is used globally every year.
Worldwide cotton production. The largest producers of cotton, as of 2017, are India and China, with annual production of about 18.53 million tonnes (4.09 × 10 10 lb) and 17.14 million tonnes (3.78 × 10 10 lb), respectively; most of this production is consumed by their respective textile industries. The largest exporters of raw cotton are the ...