LiveMint | 14/02/2022 10:00 AM | Click to read full article
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 fibre surged 44% last year, driven by projections for a second global deficit.