Cotton production shrinks in US - sportstextiles: Lea SportsTextiles

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Cotton production shrinks in US

17/11/2015
US farmers this year planted the fewest acres of cotton since 1983, according to the US Department of Agriculture, quoted by Reuters.

US cotton farmers are getting by without a subsidy programme that had long been the subject of a trade dispute between Washington and Brazil, and for which Washington paid $300 million to settle in 2013.

The price of cotton has also fallen 35% from highs in 2014, and many farmers are turning instead to corn, wheat and soybeans.

There are now 18,000 cotton farms, less than half the number 20 years ago.

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