Interviews
US cotton crop forecast lower in October
17 Oct '08
4 min read
Based on the current projection, the stocks-to-use ratio is estimated at 35.6 percent, significantly below the previous two seasons. Due to both weaker demand and the recent sharp declines in cotton prices, the forecast for the upland farm price was lowered this month. In October, the price is forecast between 51 and 62 cents per pound, down 6 cents on the lower end and 7 cents on the upper end of the range.
In addition, USDA's National Agricultural Statistics Service announced on October 10th that the final 2007/08 upland cotton farm price was 59.3 cents per pound, up from 46.5 cents in 2006/07.The detailed price data, including monthly marketings, will be published in the Agricultural Prices report to be released on October 31st.
In addition, USDA's National Agricultural Statistics Service announced on October 10th that the final 2007/08 upland cotton farm price was 59.3 cents per pound, up from 46.5 cents in 2006/07.The detailed price data, including monthly marketings, will be published in the Agricultural Prices report to be released on October 31st.
Cotton Council International
Popular News
Leave your Comments
Jason Kent
British Textile Machinery Association (BTMA)
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
