(Bloomberg) — The global cotton market will remain tight through the next crop season as futures prices are too low to induce farmers to significantly boost the area that they devote to the fiber, Olam International Ltd. said.The December contract needs to rise to about 85 cents a pound to attract the planting needed to produce a surplus huge enough to replenish stockpiles, said Cliff White, senior vice president at Olam, one the world’s three largest cotton traders.
Posts Tagged ‘International Cotton’
Cotton ‘Too Cheap’ to Draw Significant New Acreage
March 18th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Acreage, Bloomberg, Cotton Market, Cotton Traders, Crop Season, Department Of Agriculture, Farmers, Futures Prices, Global Cotton, Global Economy, Groups, International Cotton, International Ltd, March 1, Phone Interview, Producers, Recession, Richardson Texas, Senior Vice President, Stockpiles 
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