Home / Knowledge / News / Textiles / Turkey to see decline in cotton production
Turkey to see decline in cotton production
13
Jun '08
NY futures surged higher this week, with July gaining an impressive 499 points to close at 69.64 cents, while December advanced 394 points to close at 76.95 cents.

There were plenty of reasons for the market's strong showing this week, both on the fundamental and the technical side.

Supply worries certainly played a big role in this resurgence of the cotton market, as the US crop is headed for one of the lowest outputs in 20 years. Only the 1989/90 crop of 12.2 mio bales and the 1998/99 production of 13.9 mio bales rank below the current estimate of 14.5 mio bales. However, this number may be optimistic, because planted acres will probably not measure up to the original intentions of 9.4 mio acres and the West Texas crop is struggling.

After receiving just 3.38 inches of rain between October and April, Lubbock enjoyed a wet May that brought 5.32 inches of rain and allowed the cotton crop to get planted. However, since then it has turned very hot, dry and windy, with many of the dryland acres are experiencing stress. Since the last measurable rain on May 27 we have seen six days over 100 degrees F and sandblasting by strong winds has added to the woes.

Even though we may have cried wolf a few times too many in recent years in regards to the resilient West Texas crop, it seems that some dryland acreage has been lost and will not be replanted since we are now past the insurance deadline. Current conditions don't favor replanting anyway and there is no rain in the 7-day forecast. The longer this dry spell continues, the higher the abandonment number will be.

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search