Vol. 42, No. 1 | Spring 2009
Meetings Scheduled to Explain New Textile Division Structure
The addition of Denimatrix will require a re-structuring of PCCA’s Textile Division effective July 1, 2009. To help explain the new structure and how PCCA members can participate, a series of producer meetings have been scheduled throughout Texas and Oklahoma. The dates and locations of the meetings are:
June 3, 2009
9:00 a.m.
Muncy, Texas
Floyd County Community Facility | 1:00 p.m.
Plainview, Texas
Ollie Liner Center |
June 4, 2009
9:00 a.m.
Lubbock, Texas
PCCA Delegate Body Room | 1:00 p.m.
Lubbock, Texas
PCCA Delegate Body Room |
June 5, 2009
9:00 a.m.
Littlefield, Texas
Lamb County Ag and Community Center |
June 9, 2009
9:30 a.m.
Altus, Oklahoma
PCCA Warehouse Division Conference Room |
June 10, 2009
9:00 a.m.
Brownfield, Texas
The Party House at Coleman Park |
June 11, 2009
9:00 a.m.
Sweetwater, Texas
Texas State Technical College Auditorium | 1:00 a.m.
St. Lawrence, Texas
St. Lawrence Parish Hall |
The department raised domestic mill use 100,000 bales to 4.4 million. Despite the slowing economy, several factors are supporting domestic mill use including higher overseas transportation costs, the weaker dollar, and payments to mills included in the Food, Conservation, and Energy Act of 2008. Additionally, USDA’s export forecast was reduced 500,000 bales due to lower U.S. supplies and lower foreign import demand.
USDA’s world cotton projections for 2008-09 included lower beginning stocks, production, offtake, and ending stocks. World production was reduced approximately 1.5 million bales due mainly to reductions in India and the United States. The revision in India was based on lower reported planted area.
India, where the monsoon season is not arriving as producers there had hoped, is the U.S.’s largest cotton competitor and is working to make inroads to sell more cotton to China than American producers. The late monsoon season has resulted in a large number of unplanted acres, and a short crop in India could bode well for U.S. producers as world cotton supplies would tighten.
“If India’s cotton totals come up short, it could really make things volatile on the upside for prices to producers,” a market observer explained.
Cotton’s long-term price outlook remains very positive, according to many in the industry; however, no near-term burst in prices is expected. World cotton shortages certainly could affect global cotton prices, and the 2008 cotton season already has been fraught with adverse weather. The size of the world crop will remain a mystery almost until harvest begins. Until then, producers and analysts alike will, as they do most every year, have to “wait and see.”
Meetings Scheduled to Explain New Textile Division Structure
The addition of Denimatrix will require a re-structuring of PCCA’s Textile Division effective July 1, 2009. To help explain the new structure and how PCCA members can participate, a series of producer meetings have been scheduled throughout Texas and Oklahoma. The dates and locations of the meetings are:
June 3, 2009
Muncy, Texas
Floyd County Community Facility
Plainview, Texas
Ollie Liner Center
June 4, 2009
Lubbock, Texas
PCCA Delegate Body Room
Lubbock, Texas
PCCA Delegate Body Room
June 5, 2009
Littlefield, Texas
Lamb County Ag and Community Center
June 9, 2009
Altus, Oklahoma
PCCA Warehouse Division Conference Room
June 10, 2009
Brownfield, Texas
The Party House at Coleman Park
June 11, 2009
Sweetwater, Texas
Texas State Technical College Auditorium
St. Lawrence, Texas
St. Lawrence Parish Hall
The department raised domestic mill use 100,000 bales to 4.4 million. Despite the slowing economy, several factors are supporting domestic mill use including higher overseas transportation costs, the weaker dollar, and payments to mills included in the Food, Conservation, and Energy Act of 2008. Additionally, USDA’s export forecast was reduced 500,000 bales due to lower U.S. supplies and lower foreign import demand.
USDA’s world cotton projections for 2008-09 included lower beginning stocks, production, offtake, and ending stocks. World production was reduced approximately 1.5 million bales due mainly to reductions in India and the United States. The revision in India was based on lower reported planted area.
India, where the monsoon season is not arriving as producers there had hoped, is the U.S.’s largest cotton competitor and is working to make inroads to sell more cotton to China than American producers. The late monsoon season has resulted in a large number of unplanted acres, and a short crop in India could bode well for U.S. producers as world cotton supplies would tighten.
“If India’s cotton totals come up short, it could really make things volatile on the upside for prices to producers,” a market observer explained.
Cotton’s long-term price outlook remains very positive, according to many in the industry; however, no near-term burst in prices is expected. World cotton shortages certainly could affect global cotton prices, and the 2008 cotton season already has been fraught with adverse weather. The size of the world crop will remain a mystery almost until harvest begins. Until then, producers and analysts alike will, as they do most every year, have to “wait and see.”
Other articles within issue: Vol. 42, No. 1 | Spring 2009
- PCCA Creates New Company to Produce Denim Jeans
- The Results are in…
- PCCA Board Chairman to Lead Cotton Industry in 2010
- Alexander Was the First But Not the Last…
- Market Update
- Cotton Pickings
- Cotton Day at the Capitol
- www.safedenim.com
- TACC Honors Cooperative Leaders
- The Voice of Texas Cooperatives Celebrates its 75th Anniversary
- Going Going Gone?
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