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Cotton acreage to fall drastically in new cotton season – Survey
30
Mar '09
Cotton acreage is expected to drop drastically in the new cottons season of 2009-10. The total cotton crop area is expected to fall by above 20 percent and decline to 70 million mu (one hectare = 15 Chinese mu).

The China Cotton Institute along with other cotton organizations conducted a survey in March amongst 2,535 farmers from across 155 counties in 16 provinces and municipalities which grow cotton in good quantities.

According to the survey results released by the Institute, Cotton planting area is projected to fall by 21.9 percent, 1 percent higher than the survey conducted in January and planting area is expected to be between 67.48 – 70.17 million mu.

Experts attribute fall in prices by as much as 23 percent in the current cotton season, amongst the main reasons for the expected decline. Yield which has also fallen to 245.4 kg per mu, down 0.3 percent is the other reason.

Among the three top cotton producing regions, the highest decline in revenues and yield in the current season was recorded by the Yangtze area. Nationwide losses of cotton crop are estimated at around 42 billion Yuan.

Fibre2fashion News Desk - China

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