Views:5 Author:Site Editor Publish Time: 2019-10-30 Origin:Site
With the commencement of harvest in the High Plains of Texas, stakeholders of this important sector gathered today at Lubbock-based Plains Cotton Growers, Inc. (PCG).
Figure: The global cotton supply is above the demand, which emphasizes the need to create new opportunities.
The yield may not be a bumper as expected due to the hot July and August months in the High Plains of Texas. Hot summer days are affecting the yield particularly in the dryland, where half a bale per acre seems to be the average yield.
The weather pattern this summer showed that there were 43 days above 95 degrees F, which influenced the blooming, according to discussions among cotton producers.
The cotton supply is above the demand, which emphasizes the need to create new opportunities.
“It’s the demand that matters. We are not seeing demand increase worldwide,” stated Steve Verett, Chief Executive Officer of PCG.