Agfax Buzz:
    December 6, 2012
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    AgFax Cotton Review: Weed Researchers Battle Resistant Ragweed, India Eases Export Rules

    AgFax.Com - Your Online Ag News Source

    By Ernst Undesser, AgFax Web Editor

    Markets/Trade

    Crop Production

    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.

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