Core Insights - The International Cotton Advisory Committee (ICAC) has revised its global cotton production forecast for the 2025/26 season to 25.3996 million tons, down from the previous estimate of 25.4386 million tons [1] - The ending stock for cotton in the 2025/26 season is projected to be 16.2279 million tons, an increase from last month's estimate of 15.3787 million tons, reflecting a year-on-year increase of 2.5% [1] Summary by Category - **Production Forecast** - Global cotton production for the 2025/26 season is estimated at 25.3996 million tons, a decrease from the prior estimate of 25.4386 million tons [1] - **Ending Stocks** - The projected ending stock for cotton in the 2025/26 season is 16.2279 million tons, up from the previous estimate of 15.3787 million tons, indicating a year-on-year increase of 2.5% [1]