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Cotton farmers adrift in global market glut
Fresno cotton growers face low prices as world production outpaces demand. Prices for pima, acala, and upland vary around 60 to 65 cents per pound with break even near 70 cents. Asian crisis and US mills closures hurt exports. California and Arizona cooperatives require repayment of preseason advances. In Washington, a Ways and Means panel delays fast track trade bill amid Democratic objections to worker and environmental protections.
MENTIONED IN THIS ARTICLE
Fresno
Calif
India
China
United States
California
Bruce Groessema
Calcot
Cabot
Mark Bagby
Soen
Borba
Arizona
Washington
House
Congress
Bill Thomas
R-Calif
Ways and
Thomas
Charlie Rangel
New York
Sander Levin
Michigan