X

This is not a paywall.

Register for free to continue reading.

We made a promise to you that we’ll never erect a paywall and we intend to keep that promise. We also want to continually improve your reading experience and you can help us do that by registering with us. It’s quick, easy and will cost you nothing.



Nearly there! Create a password to finish up registering with us:


Please enter your password or get a login link if you’ve forgotten


Open Sesame! Thanks for registering.

First Thing, Daily Maverick's flagship newsletter

Join the 230 000 South Africans who read First Thing newsletter.

We'd like our readers to start paying for Daily Maverick

More specifically, we'd like those who can afford to pay to start paying. What it comes down to is whether or not you value Daily Maverick. Think of us in terms of your daily cappuccino from your favourite coffee shop. It costs around R35. That’s R1,050 per month on frothy milk. Don’t get us wrong, we’re almost exclusively fuelled by coffee. BUT maybe R200 of that R1,050 could go to the journalism that’s fighting for the country?

We don’t dictate how much we’d like our readers to contribute. After all, how much you value our work is subjective (and frankly, every amount helps). At R200, you get it back in Uber Eats and ride vouchers every month, but that’s just a suggestion. A little less than a week’s worth of cappuccinos.

We can't survive on hope and our own determination. Our country is going to be considerably worse off if we don’t have a strong, sustainable news media. If you’re rejigging your budgets, and it comes to choosing between frothy milk and Daily Maverick, we hope you might reconsider that cappuccino.

We need your help. And we’re not ashamed to ask for it.

Our mission is to Defend Truth. Join Maverick Insider.

Support Daily Maverick→
Payment options

Cotton Output From World’s Top Producer Projected to...

Business Maverick

Business Maverick

Cotton Output From World’s Top Producer Projected to Rebound

A worker gathers the remaining cotton from a module at a processing facility in Mayesville, South Carolina, U.S., on Wednesday, Oct. 13, 2021. Cotton's rally risks raising costs for apparel makers who may have to pass them on to consumers, at a time when food and energy prices are also climbing.
By Bloomberg
14 Feb 2022 0

Cotton supply from the world’s largest producer is poised for a rebound.

 

U.S. cotton plantings are expected to climb amid strong foreign demand, higher input costs for farmers and prolonged drought in Texas, the crop’s top growing state. The potential increase for the world’s largest cotton supplier comes just after cotton futures in New York touched a fresh decade high at the end of January. The fiber surged 44% last year, driven by projections for a second global deficit.

U.S. farmers are projected to sow 12 million acres for the season beginning Aug. 1, up about 7.3% from the previous year, according to the National Cotton Council’s planting-intentions survey released Sunday.

The possibility of more American cotton comes at a time when supplies are tighter and global demand for textiles is sky-high, propelled by a voracious appetite for the fiber from China, India and Mexico. Global cotton consumption is expected to rise 2.8% this year, according to data from the United States Department of Agriculture.

Gallery

Comments - share your knowledge and experience

Please note you must be a Maverick Insider to comment. Sign up here or sign in if you are already an Insider.

Everybody has an opinion but not everyone has the knowledge and the experience to contribute meaningfully to a discussion. That’s what we want from our members. Help us learn with your expertise and insights on articles that we publish. We encourage different, respectful viewpoints to further our understanding of the world. View our comments policy here.

No Comments, yet

Please peer review 3 community comments before your comment can be posted