Advertise Here [468 W x 60 H pixels]
Web Exclusive | January 2018

China to import more cotton?

United States’ cotton sector is cautiously watching China in hopes that its imports may be on the rise.

Addressing a gathering of about 80 people in Lubbock’s Bayer Museum of Agriculture, Dr John Robinson, professor and extension economist at Texas A&M AgriLife Extension Service, optimistically stated, “.” Surely this caught the attention of area wide gin representatives and cotton farmers, who were attending the Board of Directors’ meeting of the Plains Cotton Growers (PCG), Inc.

The meeting opened-up with reports from various gins in the High Plains area. It was clear that the recent season witnessed variability between fields in terms of yield. “Variability best describes the yields across our area,” said Steve Verett, producer and executive vice president of PCG. According to Shawn Wade, PCG’s director for policy analysis, “more producers have reported that their yield was less than expected.”

Low micronaire has been an issue this season predominantly attributed to lack of maturity due to cold and cloudy weather in August. Commenting on this aspect, Verett stated, “definitely below average micronaire for our area and not what we strive to produce.”

With regard to current market situation, demand is there for cotton. With economy recovering slowly, consumer will start spending and so nonessential commodity buying will start to rise. Observing the recent export sales figures, Robinson stated if the exports follow the current trend, cotton exports from the United States may be above the USDA’s estimate of 14.8 million bales (489 lbs each). He expects USDA may rise their estimate by about half a million bales or so. However, he cautioned about the heavy ending stock which may affect the price.

Couple of reasons are there for being optimistic about enhanced imports by China in the next years. According to Robinson, demand will be a positive influence and the need for newer stock as China’s reserves are 5-6 years old. Market will reflect first on the increased demand from China and the farmers will follow in a year or two, like employment numbers, which is always a lagging indicator.

When the China import situation improves, it will be a game changer, said John Robinson.
(Input by: Seshadri Ramkumar, Texas Tech University, USA)
Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
Arvind Rub-Web Controls Ltd      Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Bry Air (Asia) Pvt. Ltd.      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gem Equipments Ltd      Groz-Beckert Weaving      Hongkong Trade Development Council      ITEMA WEAVING (INDIA) PVT LTD      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Loepfe Brothers Ltd (Masterline)      Mag Solvics Pvt.Ltd      Mangal Singh Brothers Pvt Ltd      Moksha Thermoplastics Pvt. Ltd      Picanol N V      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd (Suessen)      Rieter India Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Sheeba Engineering Co      Skaat Machine Works India Pvt Ltd      SMEW Textile Machinery Pvt Ltd      SRE Corporation      SSM Scharer Schweiter Mettler Ag (Rieter)      SSP Pvt Ltd      Stovec Industries Ltd      Techaids      Thies GmbH and Co.      Truetzschler India Pvt Ltd      Unitop Aquacare Evaporation and Driving System      Arvind Rub-Web Controls Ltd      Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Bry Air (Asia) Pvt. Ltd.      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Gem Equipments Ltd      Groz-Beckert Weaving      Hongkong Trade Development Council      ITEMA WEAVING (INDIA) PVT LTD      Jogindra Industries Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Lakshmi Machine Works Ltd      Loepfe Brothers Ltd (Masterline)      Mag Solvics Pvt.Ltd      Mangal Singh Brothers Pvt Ltd      Moksha Thermoplastics Pvt. Ltd      Picanol N V      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Rieter India Pvt Ltd (Suessen)      Rieter India Pvt. Ltd      Savio India Ltd      Savio Texcone Pvt Ltd      Sheeba Engineering Co      Skaat Machine Works India Pvt Ltd      SMEW Textile Machinery Pvt Ltd      SRE Corporation      SSM Scharer Schweiter Mettler Ag (Rieter)      SSP Pvt Ltd      Stovec Industries Ltd      Techaids      Thies GmbH and Co.      Truetzschler India Pvt Ltd      Unitop Aquacare Evaporation and Driving System