Agfax Buzz:
    January 30, 2013
    cotton_review_DFerguson_030910_050

    AgFax Cotton Review: Prices Expected to Rise; Activists Refuse to Accept Facts on Bt Cotton

    AgFax.Com - Your Online Ag News Source

    By Ernst Undesser, AgFax Web Editor

    Markets/Trade

    • DTN cotton correspondent Duane Howell reports that U.S. cotton futures saw modest gains in current-crop deliveries.
    • Reuters reports India’s Economic Times that Indian cotton prices are expected to rise this week on stronger export demand, though higher supplies may limit uptrend. Southeast Asian markets are showing increased demand and will help to offset losses of sales to China.
    • Fiona Myers writes at WeeklyTimesNow.com that Rabobank has predicted that cotton prices will rise 17% in the next year as the global surplus declines from reduced production.

    Production

    • Swaminathan Aiyar of India’s Economic Times reports that, despite Greenpeace’s continued claims to the contrary, Bt cotton has been a boon to Indian farmers, having more than doubled cotton yields in the last decade. Aiyar notes that farmers know better than scientists and activists what is or isn’t working in their fields, and aren’t so gullible as to continue planting an uneconomical crop.

    EARLIER THIS WEEK

    Markets/Trade

    • Bloomberg reports that Chinese cotton futures surged as government purchases reduce available supply. The government has stockpiled 85% of the current harvest with left for deliverable stocks. However spot markets are awash with local and imported cotton, and textile demand remains weak.
    • Abdel Latif Wahba reports at Bloomberg that Egyptian cotton exports reached 800 metric tons in the week ending Jan. 24.
    • Jack Scoville of Futures Magazine reports that the trend in cotton contracts remains up as strong sales continue. Supply in the market is lacking while another Chinese auction failed over the weekend. There are concerns of less planted acres in the U.S. due to low prices.

    Production

    Policy/Regulations

    • Rubab Abid writes for the National Post that while GM cotton has been widely blamed for a striking rise in farmer suicides in India, the evidence and several major reports indicate otherwise. Farmer suicide rates began to rise several years before Monsato’s introduction of Bt cotton to the country, and despite claims of failing GM crops Bt cotton has lead to a noticeable rise in yields and reduction in pesticide use. According to reports, the suicide problem is not limited to farmers but plagues the general population, with farmer suicide levels having actually leveled off in the last decade so that suicide rates for ag workers are now half those of other professions.

    Tags: , , , , , ,

    Leave a Reply

    Name and Email Address are required fields. Your email will not be published or shared with third parties.

    Agfax Cotton News

    AgFax Cotton Review: Australia Looking for Cotton Pickers; India Sells from State Stocks4-17

    Florida Cotton: Rain Delays; Limited Supply of New Seed ReleaseS4-17

    Cleveland on Cotton: Trading Range Stretching Topside; MidSouth Water Logged4-17

    Rose on Cotton: Spring Rally Coming. Are You Ready?4-17

    Old World Bollworm Arrival Eminent: USDA Invests $1.2M in Detection, Control – DTN4-17

    AFB Cotton Close: Dec. Falls Below Support4-17

    DTN Cotton Close: China Discusses Disposal of Reserve Stocks4-17

    How Will China’s Investments in Agriculture Affect U.S. Producers?4-17

    Conservation Compliance: 5 Steps Needed Before June 1 Deadline4-17

    Georgia Cotton: No Counter 20G Approval for 20154-17

    Weekly Cotton Market Review – USDA4-17

    DTN Cotton Open: Global Stocks Fall4-17

    Mississippi Corn, Soybeans: Slugs Appearing in Emerging Fields4-16

    DTN Cotton Close: Short Covering Allows Late Rally4-16

    AFB Cotton Close: Sluggish Demand, Improved Weather4-16

    USDA Reminds Farmers to Certify Conservation Compliance by June 1 Deadline4-16

    South Carolina Cotton: Counter 20G Not Approved for 20154-16

    U.S. Drought Outlook: Improvements Expected Across the Plains4-16

    Drought Monitor: Mississippi River, Gulf Coast Get Drenched4-16

    U.S. Drought Monitor Quick Look Video – AgFax4-16

    Texas Fertilizer Fire, 2013: What Did We Learn? – DTN4-16

    DTN Cotton Open: Contracts Break from Higher Trade4-16

    AFB Cotton Close: Pressured by Improving Weather4-15

    Propane Stocks Continue Climb4-15

    Gasoline: Strong Regional Price Movements4-15

    Diesel Prices Move Lower4-15

    DTN Cotton Close: Commercial Selling in Quiet Trade4-15

    5 Business Practices to Take Home From Ethiopian Farmers – DTN4-15

    Texas: 6 Counties Declared Natural Disaster Areas4-15

    Kansas: 2 Counties Designated Natural Disaster Areas4-15

    North Carolina: Test Soil Now to Avoid New Peak-Season Testing Fee4-15

    Arkansas Cotton: Pre-Plant, Pre-Emerge Applications for Brake F24-15

    DTN Cotton Open: Light Support Tied to China4-15

    AgFax Editor and Photographer’s Work on the Road and the Web4-14

    DTN Cotton Close: Pressure from Noncommercial Selling4-14

    USDA Launches Website For New and Beginning Farmers4-14

    AFB Cotton Close: Beneficial Rains Drag on Prices4-14

    Oil Crops Outlook: U.S. Soybean Stocks Worked Down by Record Demand4-14

    Texas Crop Weather: Cotton Planting a Week to 10 Days Behind4-14

    Tennessee Cotton: Late Burndown Options4-14