The U.S. Department of Agriculture said on the 31st that cotton planting area is expected to increase 15%
Business News Agency April 1st The U.S. Department of Agriculture (USDA) said on the 31st that the US cotton planting area is expected to increase by 15% over the previous year to 12.6 million mu, which is lower than the analyst’s forecast of just over 13 million mu. s level.
Although high prices may persuade farmers to expand their planting area, it is not enough to convert more supplies.
One-third of US cotton production, West Texas, known as the “cotton store,†is expected to suffer from dry weather before the planting season, which takes place in April-June.
In addition, the planting areas of other major growing countries, including Brazil, China and India, will play a greater role in the price trend over the next 12 months.
Although high prices may persuade farmers to expand their planting area, it is not enough to convert more supplies.
One-third of US cotton production, West Texas, known as the “cotton store,†is expected to suffer from dry weather before the planting season, which takes place in April-June.
In addition, the planting areas of other major growing countries, including Brazil, China and India, will play a greater role in the price trend over the next 12 months.
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