Related Keywords: cotton acreage, cotton price, cotton sowing in china, cotton sowing in india, cotton stock, Farmers in China, Farmers in India, Farmers in US, high-quality US cotton, ICAC, National Cotton Council
According to reports, cotton farmers in US will probably cut down acreage to the lowest since 2009 after prices slumped in January to a five-year low.
Plantings is predicted to drop to 9.73 million acres in the season beginning 1 August, from 11.04 million a year earlier, as farmers will switch to other crops including peanuts. The National Cotton Council is set to release its planting-intentions survey on 7 February.
