AgFax Cotton Review: Weed Researchers Battle Resistant Ragweed, India Eases Export Rules
- DTN cotton correspondent Duane Howell reports that robust export sales boost U.S. cotton futures.
- Pakistan’s Business Recorder reports that cotton trade activity and prices have both dropped slightly as mills remain reluctant to pay higher prices. The Daily Times also notes that the spot rate remains firm with continued brisk trade focused on fine lint.
- A report on India’s Business Standard notes that India’s Government has eased the country’s export rules in the face of low prices. The Hindu Business Line also notes that the export registration limit hike comes at a time just before China’s expected announcement of its import quota.
- ScienceDaily.com reports on the results of several field tests attempting to find better ways to control glyphosate resistant ragweed, focusing primarily on the use of the WideStrike variety of cotton and the herbicide glufosinate.
Earlier in the week
- Mark Crosby, an Emanuel County Extension Coordinator, reports that despite the summer’s drought parts of Georgia may be getting record cotton yields.
- Jerry Lackey reports at the San Angelo Standard Times that Texas’ Southern Rolling Plains region is wrapping up cotton harvest with expectations better than early projections and much better than last year.
- AgriMoney.com reports that record high cotton stocks and the resulting drop in prices is convincing farmers to switch to more profitable crops. Forecasts are that world crop production will drop by 11%, the steepest decline in 20 years.
- Caroline Henshaw reports on The Australian that Australia, the fourth largest cotton exporter, may cut production by as much as 25% as farmers slash their plantings.
- Syful Islam reports on The Financial Express that India and Bangladesh are currently discussing a cotton trade agreement, but that India has requested an import guarantee before it will agree to sign.
- G. Sathyamoorthi reports in The Hindu that cotton farmers in India’s Perambalur district are in deep trouble as the region is suffering from lack of rain, which has already devastated several acres of cotton.
- Mohammad Hussain Khan reports on Dawn.com that the Pakistan Cotton Ginners Association expects cotton yields of 3.5 million bales this season, lower than the predicted 4 million bales due to rain damages.
It happens every year, every August, even in July sometimes. I had written it off this year, thinking the market was too exciting, but the Dog Days of August have