Tuesday, June 29, 2010

I’m more enthusiastic about the future

California Cotton Bounces Back

Brenda Carol

"I'm more enthusiastic about the future of California cotton than I've been in a long time," says Earl Williams, California Cotton Ginners and Growers Association president in Fresno, Calif. "Producers are getting back into cotton. I would say about 30 to 40 percent who abandoned the crop for alternative crops are now coming back to it."

Improving Expectations

Currently, the expectation is that between 200,000 and 360,000 acres of cotton will be planted in California.

"It depends on what happens with water allocation and the price of cotton," Williams says. "In September, we sold out of '08 Pima and now '09 is selling, which seems to be pushing prices higher. We're looking at $1.30 to $1.40  (per pound) for Pima and over 80 cents for upland."

source : cottonfarming

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