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Dr. Gary Adams, National Cotton Council vice president of Economics and Policy Analysis, says the U.S. cotton program is not responsible for suppressed world market prices.
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During recent comments to the attendees at the Southern-Southeastern Mid-Year Board Meeting, Adams noted China, not the United States, is the dominant factor in the world market affecting cotton prices.
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Adams says there are several reasons why China plays in integral role in price determination.
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Although projections indicate a world cotton crop of around 104 million bales, the U.S. cotton crop is not at its highest level. Adams thinks modest price increases can be attributed to increased cotton production in several countries.
