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Marketing

Forecast remains cloudy for the cotton market

Cotton trade

• By Yangxuan Liu • Since the first diagnosis of COVID-19, the spread of the pandemic worldwide has negatively affected global economic growth. According to the latest release by the Organization for Economic Cooperation and Development (OECD), global economic growth will decline by 6% to 7.6% in 2020, depending on whether there is a second wave of infections. Similar trends ... Read More »

COVID-19 and recession cut cotton demand

texas cotton

Cotton producers face an uncertain market future as demand for cotton and cotton products, like apparel, tumbled due to COVID-19 stay-at-home orders and economic recession, said a Texas A&M AgriLife Extension Service economist. Dr. John Robinson, AgriLife Extension cotton marketing specialist, College Station, said cotton and the industries that touch it are sliding alongside the economy. Retail apparel sales numbers ... Read More »

NCC outlook: U.S.-China Phase 1, coronavirus bring uncertainties

export bales warehouse

National Cotton Council economists point to a few key factors that will shape the U.S. cotton industry’s 2020 economic outlook. This past year can be characterized as a year with significant uncertainty and volatility in the global economy and the world cotton market. On Jan. 15, President Donald Trump signed the Phase 1 trade agreement with China. As part of ... Read More »

Weaker global demand reinforces need to create new opportunities

cotton contamination

• By Seshadri Ramkumar • Finding new markets and applications is vital for the global cotton sector. With the commencement of harvest in the High Plains of Texas, stakeholders of this important sector gathered Oct. 18 at the Lubbock, Texas-based Plains Cotton Growers Inc. The yield may not be a bumper as expected due to the hot July and August ... Read More »

Is A Perfect Storm Brewing?

arizona cotton

Arizona’s High Cotton Status May Be Worst Possible Outcome During Current Trade Wars • By Julie Murphree • The other day via my @CottonAggie Twitter account I reported, “Arizona farmers expect this year’s Upland cotton crop to yield an average of 1,527 pounds per acre, the third-highest yield ever recorded,” according to the U.S. Department of Agriculture National Agricultural Statistic ... Read More »

USDA Releases County-By-County MFP Payment Information

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The U.S. Department of Agriculture has released a county Market Facilitation Program payment schedule for growers with commodities that have been affected by foreign retaliatory tariffs. The assistance covers specialty crops, non-specialty crops, dairy and hogs. The rates range from $15 to $150 per acre, depending on the impact the tariffs have had on that particular county. They are the ... Read More »

Weather, Prices, Other Factors Cloud California Cotton Outlook

nick serafin, california

• By Cecilia Parsons • California’s 2019 cotton crop will struggle this year as a result of late spring rains, shaky pricing and the loss of a key crop-protection material, according to farmers and marketers. Roger Isom, president of the California Cotton Growers and Ginners Association, said a farmer survey in mid-May indicated cotton was planted on 261,000 acres in ... Read More »