‘Horrible’ Texas Cotton Conditions Worsen Global Supply Outlook
- Supply threats in US, Brazil, Australia leading to deficit
- Texas accounts for more than half of US cotton output
This article is for subscribers only.
The outlook for cotton production in Texas, the nation’s largest producer, took a turn for the worse in a fresh blow to global supplies of the fiber.
Only 11% of Texas crops were rated good-to-excellent in the week to Aug. 21, down from 14% a week earlier, matching the lowest since 2011, Department of Agriculture data showed. The portion of plants in poor-to-very poor conditions increased to 59% from 50% a week earlier.