Cotton supply squeeze threatens markets in 1972
National Cotton Council economist Dabney Wellford of Memphis says a supply squeeze is eroding markets though new strengths appear. He notes rising fashion demand, stronger research funding, and a growing fiber market. but carryover stock will be the lowest since the Korean War, with August 1972 carryover near 3.3 million bales. He warns that high prices alone won’t solve supply and urges long-term production and price stability.
MENTIONED IN THIS ARTICLE
National Cotton Council
Dabney Wellford
Memphis
U.S
Mr. Wellford
Wellford
Industry has faster, better cotton baling
Herschel McRae of the National Cotton Council reports real progress in cotton bale packaging driven by net weight trading. New 1972 materials boost gins in the Southeast, with savings estimates of 1.80 dollars per bale for a 10,000 bale gin and ongoing test programs including polyethylene shrink pack. Five gins and one compress operated well last season with under 500 dollars in adjustments. AIR TRAFFIC RISE Boeing analysts forecast a 17 percent rise in North Atlantic passenger traffic for 1972.
MENTIONED IN THIS ARTICLE
Herschel McRae
National Cotton Council
Memphis
Council
California
McRae
Boeing Company
Air Transportation
North Atlantic
Realistic approach urged for environment and cotton safety
Ritchie Smith of the National Cotton Council urges a practical plan to tackle environmental and consumer protection issues. He notes pesticides and textile flammability as urgent problems and warns that unnecessary restrictions could damage cotton profits while advocating safer, proven chemicals and fire resistant cottons to protect markets.
MENTIONED IN THIS ARTICLE
Ritchie Smith
National Cotton Council
Memphis
Environmental Protection Agency
Smith
Cottonseed becomes high protein food source
The National Cotton Council notes research by the USDA Southern Marketing and Nutrition Research Division in New Orleans that removes gossypol from cottonseed to produce flour concentrate and water insoluble isolate for human foods. A Plainview Oil Mill plant in Lubbock plans to produce protein flour with initial 25 tons per day capacity, scalable, aiming for fall 1972 operation. Cottonseed flour offers flavor, high amino acids, and uses in bread, biscuits, pasta, crackers, meats, and drinks.
MENTIONED IN THIS ARTICLE
National Cotton Council
Department of Agriculture
Southern Marketing and Nutrition Research Division
New Orleans
USDA
Plainseae Oil Mill
Lubbock
Texas
John Herzer
Also Mentioned on This Page
Pete Maldonado
Goodyear
National Cotton Council of America
Dept
Congress
Pecos Enterprise
Cottonseed
Demperativ2
Pecos
Cotton Crusaders
City Gin Company, Inc
Balmorhea Highway
Pecos, Texas
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!