Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 21, 2013 15:49:28

Farmers planning cotton sowing smaller despite rising prices

ColosseumAccording to information from the International Cotton Advisory Committee is planning cotton sowing even smaller than expected at the beginning of March. Overall, farmers should harvest 22.56 million tons in the harvest, which begins on 1 August, which is a 14 percent drop from the previous harvest. Consumption is expected to increase from 23.3 million tons to 23.8 million tons. Profits for the cotton farmers are still lower than for corn or soybeans. The projected decline in sown areas were estimated for all major producers, such as the U.S., China or India. Company Colosseum and in the coming days publish an analysis of the market for cotton.

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