U.S. Cotton Prospects Strong In Vietnam
Kelli Merritt
Lamesa,
As recently as 10 years ago, most of our cotton was used domestically. Now we export 85 percent of it. Comparatively high U.S. labor costs (relative to other spinning industry countries) were the driving force behind this phenomenon. The reality for the modern farmer is that most U.S. cotton is grown to be sold in a foreign market, spun in a foreign mill, cut and sewn in a foreign factory before that garment might ever head back to be sold in one of our malls.
Can Savvy Mean Savings?
When farmers know what overseas markets demand, they can position themselves favorably. Vietnam has recently been named one of the six "next tier markets" under the new U.S. National Export Initiative. That's a big enough piece of the pie for American farmers to take notice.
I saw a real openness to learn. The Vietnamese still buy most of their cotton on description because it's cheaper, but they are discovering hidden costs in spinning efficiency with an inconsistent fiber. The United States, with its HVI classing on every bale, offers a value because every bale is classified by uniform USDA standards.
source : cottonfarming
Kelli Merritt
Lamesa,
As recently as 10 years ago, most of our cotton was used domestically. Now we export 85 percent of it. Comparatively high U.S. labor costs (relative to other spinning industry countries) were the driving force behind this phenomenon. The reality for the modern farmer is that most U.S. cotton is grown to be sold in a foreign market, spun in a foreign mill, cut and sewn in a foreign factory before that garment might ever head back to be sold in one of our malls.
Can Savvy Mean Savings?
When farmers know what overseas markets demand, they can position themselves favorably. Vietnam has recently been named one of the six "next tier markets" under the new U.S. National Export Initiative. That's a big enough piece of the pie for American farmers to take notice.
I saw a real openness to learn. The Vietnamese still buy most of their cotton on description because it's cheaper, but they are discovering hidden costs in spinning efficiency with an inconsistent fiber. The United States, with its HVI classing on every bale, offers a value because every bale is classified by uniform USDA standards.
source : cottonfarming
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