NEWS
China Cotton Acres Seen Down 20%
Lin Tan DTN China Correspondent
Mon Jun 15, 2015 01:21 PM CDT

BEIJING (DTN) -- Cotton acreage is expected to decline 20% in China this year, down to 8.4 million acres from last year's 10.4 ma, according to a recent field survey by the China National Cotton Market Observing System.

"This is the second year of sharp decrease in cotton acreage," said Zhonghua Wang, an analyst in Beijing. "Last year's acreage was 12.5% lower than 2013/2014."

DTN Analyst Todd Hultman said a 20% decline in acreage is steeper than the 10% USDA's currently predicting. "I would say there are slow bullish changes emerging in cotton, but it is difficult to tell how ...

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