The U.S. Department of Agriculture said on the 31st that cotton planting area is expected to increase 15%

Business News Agency April 1st The U.S. Department of Agriculture (USDA) said on the 31st that the US cotton planting area is expected to increase by 15% over the previous year to 12.6 million mu, which is lower than the analyst’s forecast of just over 13 million mu. s level.

Although high prices may persuade farmers to expand their planting area, it is not enough to convert more supplies.

One-third of US cotton production, West Texas, known as the “cotton store,” is expected to suffer from dry weather before the planting season, which takes place in April-June.

In addition, the planting areas of other major growing countries, including Brazil, China and India, will play a greater role in the price trend over the next 12 months.