U.S. Cotton Prospects Strong In Vietnam
Kelli Merritt
Lamesa,
Vietnam is in a transitional stage – just growing in its awareness of the cost-saving benefits of premium upland cotton – and coming to a fresh understanding that better cotton is the means to moving on to the next level. The spinners are looking for cotton that will improve efficiency, help manage risks and move them up the value ladder and grow their industry.
How High Is Too High?
In the last eight months, China's cotton imports have increased 40 percent while Vietnam's has increased 63 percent from this time last year. Spinners are riding this wave of optimism undeterred by the increased cost of cotton since they can still sell at a higher price and make a profit.
Demand is good throughout the industry with the supply pipeline at record lows and retailers anxious to fill their shelves again. In Vietnam, word on the street is that its typical orders are larger and more profitable than last year. The current high cotton prices are tolerable throughout the industry for now, and they will last until demand in the pipeline has been met, or consumer demand drops – probably by the end of the summer or early fall.
source : cottonfarming
Kelli Merritt
Lamesa,
Vietnam is in a transitional stage – just growing in its awareness of the cost-saving benefits of premium upland cotton – and coming to a fresh understanding that better cotton is the means to moving on to the next level. The spinners are looking for cotton that will improve efficiency, help manage risks and move them up the value ladder and grow their industry.
How High Is Too High?
In the last eight months, China's cotton imports have increased 40 percent while Vietnam's has increased 63 percent from this time last year. Spinners are riding this wave of optimism undeterred by the increased cost of cotton since they can still sell at a higher price and make a profit.
Demand is good throughout the industry with the supply pipeline at record lows and retailers anxious to fill their shelves again. In Vietnam, word on the street is that its typical orders are larger and more profitable than last year. The current high cotton prices are tolerable throughout the industry for now, and they will last until demand in the pipeline has been met, or consumer demand drops – probably by the end of the summer or early fall.
source : cottonfarming
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