NCC Issues Planting Estimates
Substantial increase in cotton acres expected.
Compiled by staff
Published: Feb 8, 2010
According to the National Cotton Council's 27th Annual Early season Planting Intentions Survey, U.S. cotton producers intend to plant 10.1 million acres of cotton this spring, up more than 10% from 2009. Upland cotton intentions are 9.9 million acres, an increase of 10%, while extra long staple intentions of 176,000 acres represent a 24% rise. The results were announced Friday at the National Cotton Council's 2010 Annual Meeting in Memphis, Tenn.
Assuming an average abandonment rate of 11.5%, total upland and ELS harvested area would be about 8.9 million acres. Applying state-level yield assumptions to projected harvested acres generates a cotton crop of 15.5 million bales, compared to 2009's total production of 12.4 million. Assuming average seed-to-lint ratios, 2010 cottonseed production is projected at 5.2 million tons, up 1 million from last year at 4.2 million.
NCC Senior Economist Dale Cougot emphasized that prevailing market conditions this year are more favorable for cotton prices than some of the main competing crops versus the previous couple of years. Part of this is due to further tightening of world and U.S. cotton supplies, while other competing crops experience a reduction of pressure on their supplies from either higher production or lower demand.
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Tagged: cotton, cotton producers
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