Latest COTTON rate/price in India, Bullion stock quote, Live COTTON News, Updates, Price Chart, Lot Size, COTTON MCX Price, Price Forecast US Homeland Security closely monitoring situation in The United States is the world’s third-largest cotton producer and the leading cotton exporter, accounting for one-third of global trade in raw cotton. The U.S. cotton industry accounts for more than $21 billion in products and services annually, generating more than 125,000 jobs in the industry sectors from farm to textile mill. The size of each contract is 50,000 pounds. The biggest producers of cotton are China and India, followed by United States, Pakistan, Brazil, Australia and Uzbekistan. The United States is the biggest exporter of cotton (40% of total exports). Cotton is the world’s most widely-used natural fiber for clothing.