World Looks to Australian Harvest for Cotton Supply

Bloomberg

Wendy Pugh

Cotton exports from Australia, the fifth-largest shipper, accelerated after harvest delays and as a price rally failed to curb overseas demand amid a global supply shortfall, an industry group said.

“Normally it wouldn’t be that easy to sell at these prices but demand has been very strong,” Australian Cotton Shippers Association Chairman Arthur Spellson said by phone from Sydney. “China, Indonesia, Thailand, Korea, everywhere. They’re all screaming out for cotton.”

Futures prices in New York have surged 39 percent in the past year amid concern that rising cotton consumption would outpace supply. Australia’s harvest, which enters the market before northern hemisphere supplies later in the year, is more than 90 percent finished after wet and cloudy weather slowed picking and delayed shipments, the association said.

“There is basically a global shortage,” Spellson said. “We are also getting inquires from Pakistan, India, countries we don’t normally sell a lot to,” he said. Around 70 to 75 percent of the Australian crop has been sold for shipment and exporters are “flat out” after the delays, he said.

July-delivery cotton was unchanged at 80.05 cents a pound on ICE Futures U.S. at 2:39 p.m. Melbourne time. Futures touched 87.1 cents on April 26, the highest price for a most-active contract since March 2008.

Prices may rise to more than 85 cents a pound, with the global balance sheet “expected to be tight” over the next 12 months, Australia and New Zealand Banking Group agricultural commodities strategist Scott Briggs wrote in a report last week.

(Story found in original format here.)

 

Leave a Reply

Harvest Stories
Harvest

Proper Timing of Harvest Aids Focus of New Webcast

July 25, 2016

A new webcast explaining proper timing and use of harvest aids has been added to the Focus on Cotton online series from the Plant Management Network and Cotton Incorporated.

Harvest

2015 Mid-South Defoliation Guide Available Online

September 15, 2015

The 2015 Mid-South Cotton Defoliation Guide is now available online.

Harvest

Key Considerations for Cotton Defoliation

August 27, 2015

With the 2015 cotton crop quickly winding down, it’s time for growers to be making their defoliation plans.

Harvest

Preserving Fiber Quality Should Drive Defoliation Decisions

August 25, 2015

When making defoliation plans, there is more economic incentive for growers to maintain fiber quality when cotton prices are low versus when cotton prices are higher.

Harvest

When’s the Best Time to Terminate Cotton Irrigation?

August 18, 2015

As cotton moves closer to maturity, growers need to consider certain factors carefully when deciding to turn the water off for this year’s crop.

Harvest

First Bale for 2015 Delivered to Texas Gin

August 7, 2015

The first certified bale of U.S. cotton for 2015 was delivered to the Harlingen Gin Company by the Ortega brothers of Mercedes, TX.

Harvest

Storms Shred Thousands of Cotton Acres in Arkansas

October 9, 2014

To date, Mother Nature has blessed the latter part of the cotton season – including early harvest – with favorable

Around The Gin
Product News

Indigo Launches Water Efficiency Product for Cotton

July 26, 2016

Boston-based research firm Indigo has launched its first commercial product – Indigo Cotton – which helps improve the cotton plant’s water use efficiency.

Product News

Enlist Technology Provides Tolerance to Three Key Herbicides

July 13, 2016

The Enlist weed control system will give growers the ability to use three modes of action postemergence in both cotton and soybeans.

Product News

Providing Upland Varieties with Acala-like Quality

July 13, 2016

PhytoGen offers growers several upland cotton varieties with Acala-like fiber quality for added premiums and higher profitability.

Product News

PhytoGen Names Winners in Best Yielder Club Sweepstakes

June 29, 2016

A North Carolina cotton grower was named grand prize winner in the 2016 PhytoGen Best Yielder Club sweepstakes.

Product News

Monsanto Donates Research Center to Local Foundation

June 27, 2016

Monsanto Company has donated its 150-acre Leland Agronomy Center to The B.F. Smith Foundation, a nonprofit organization in the Mississippi Delta.

Product News

Record Yields Set by 2015 FiberMax One Ton Club

May 4, 2016

The 127 members who qualified for the FiberMax One Ton Club pushed cotton yields and quality to higher levels in 2015.

Product News

Meister Media Worldwide Website Relaunches With New Resources

April 22, 2016

Meister Media Worldwide — publisher of Cotton Grower magazine – has relaunched its corporate website, highlighting information and services available from one of agriculture’s leading media companies.

Product News

ReinCloud Promises Remote Control

April 18, 2016

New software set to combine irrigation management and data collection – all in the palm of your hand.

Latest News
Harvest

Proper Timing of Harvest Aids Focus of New Webcast

July 25, 2016

A new webcast explaining proper timing and use of harvest aids has been added to the Focus on Cotton online series from the Plant Management Network and Cotton Incorporated.

Harvest

Prolonged Rainfall in Carolinas Causes Seed Sprouting

October 5, 2015

The rainy spell that has soaked North Carolina for more than a week is creating problems for the state’s cotton growers.

Harvest

Keep Soil Compaction in Mind at Harvest

September 28, 2015

Since new module-building cotton pickers are adding more weight to fields during harvest, growers should keep in mind the factors that can contribute to soil compaction.

Harvest

2015 Mid-South Defoliation Guide Available Online

September 15, 2015

The 2015 Mid-South Cotton Defoliation Guide is now available online.

Harvest

Key Considerations for Cotton Defoliation

August 27, 2015

With the 2015 cotton crop quickly winding down, it’s time for growers to be making their defoliation plans.

Harvest

Preserving Fiber Quality Should Drive Defoliation Decisions

August 25, 2015

When making defoliation plans, there is more economic incentive for growers to maintain fiber quality when cotton prices are low versus when cotton prices are higher.

Harvest

When’s the Best Time to Terminate Cotton Irrigation?

August 18, 2015

As cotton moves closer to maturity, growers need to consider certain factors carefully when deciding to turn the water off for this year’s crop.

Harvest

First Bale for 2015 Delivered to Texas Gin

August 7, 2015

The first certified bale of U.S. cotton for 2015 was delivered to the Harlingen Gin Company by the Ortega brothers of Mercedes, TX.

Harvest

Storms Shred Thousands of Cotton Acres in Arkansas

October 9, 2014

To date, Mother Nature has blessed the latter part of the cotton season – including early harvest – with favorable

Cotton Production

Updated Mid-South Defoliation Guide Now Available Online

September 16, 2014

With defoliation and harvest season nearing, the 2014 Mid-South Defoliation Guide has been updated and is ready for grower use.

Cotton Production

Terminate Cotton Irrigation at First Cracked Boll

August 26, 2014

Darrin Dodds, Mississippi State Extension cotton specialist, says that when growers see the first cracked boll in their cotton fields, it’s time to terminate their irrigation program.

Cotton Production

Cotton Harvest Looking Good in Lower Rio Grande Valley

August 15, 2014

As cotton harvest begins in the Lower Rio Grande Valley of Texas, growers are optimistic that this year’s crop will help erase the disappointments of the last few growing seasons.

Cotton Production

First Certified Cotton Bale of 2014 Delivered to Gin

July 10, 2014

While most cotton growers are battling plant bugs and resistant weeds and watching for first blooms, Sam and Josh Ruiz of La Feria, TX have delivered 2014’s first official certified bale of cotton.

Cotton Production

Long-Awaited On-Board Module Building Strippers Come to the High Plains

May 5, 2014

After years of toil and innovation, John Deere is introducing the John Deere CS690 Cotton Stripper, hoping to bring the proven successes of on-board module-building harvesters to much of the Southwest.

Cotton Production

USDA Announces 2014 Cotton Loan Rate Differentials

April 15, 2014

USDA's Farm Service Agency has announced the 2014-crop loan rate differentials for upland and extra-long staple (ELS) cotton.