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Louisiana cotton crop planted; it’s going to be a small

louisiana cotton bales

• By Kenneth Gautreaux • Louisiana’s cotton farmers have nearly completed this year’s planting, and the crop size has shrunk when compared to earlier estimates. In early February, estimates had planting intentions for cotton around 230,000 acres, with the possibility it could be as large as 250,000 acres. Market conditions and loan availability have lowered that number considerably. LSU AgCenter ... 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 »

World cotton demand plummets due to COVID-19 pandemic

georgia cotton

The rapid spread of COVID-19 has severely impacted the global cotton supply chain. An unexpected reduction in cotton mill use data is observed across all of the major cotton spinning countries, including China, India, Pakistan, Bangladesh, Turkey and Vietnam. Cotton spinning in China fell by upwards of 90% during the height of the pandemic in that country in early March. ... Read More »

COVID-19 trips up textile sales, effects ripple into cotton market

coronavirus

• By Mary Hightower • Rice prices continued to grow slowly, while the shadow of COVID-19 continued to loom darkly over the world’s cotton industry, according to a report Monday by agricultural economists with the University of Arkansas System Division of Agriculture. The report, published online at https://bit.ly/AR-Ag-Eco-Impacts2020, was produced by Scott Stiles, Extension economist; Brad Watkins, professor; Bob Stark, ... Read More »

Cotton prices may suffer during coronavirus pandemic

cotton ready to harvest

•By Yangxuan Liu • Along with the life-and-death struggle and the rising cases of COVID-19, financial markets worldwide have lurched lower. The selloff of the U.S. stock market started Feb. 21. Since then, the great coronavirus crash has been frightening in its speed. Even U.S. Treasury bonds and gold, traditionally a safe harbor in times of crisis, have come under ... Read More »

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

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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 »