Us Upland Cottons Competition In Foreign Markets

Excerpt from U. S. Upland Cotton's Competition in Foreign Markets Production in the USSR may fall more than 1 million bales below this season's extremely large crop assuming a return to more normal growing conditions, but exports could increase because of the large carryover into the new season. A rough estimate is that total foreign exports of upland cotton could rise considerably more than 1 million bales in 1971-72 above 1970-71. However, most or all of this increase could be absorbed without reducing u.s. Shipments below this season's expected level of at least million bales, provided that: (1) foreign Free World consumption continues a modest expansion; (2) foreign importers moderately increase low raw cotton stocks, and (3) an adequate supply of attractively priced u.s. Cotton of desired qualities is available. In recent years, c.i.f. Liverpool quotations for foreign growths of Strict Middling 1-1 16-inch cotton usually have held between 27 and 30 cents per pound. At these levels, producers in foreign countries have become increasingly sensitive to price changes. Almost without exception, changes in world prices one year have been followed the subsequent year by changes in the same direction in cotton acreage. Changes are most pronounced in countries that export a large part of production. It appears that under present conditions a world price of 30 cents per pound for SM 1 inches is likely to trigger a substantial rise in foreign acreage, while prices below 28 cents dampen foreign producer enthusiasm. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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