Print Edition - 2018-04-08 | Money Digest
US cotton exports set for banner year
Apr 8, 2018-
The escalating US-China trade dispute is unlikely to derail the stellar run for US cotton exports this year due to robust demand, crop issues in India and lower synthetic fibre output from China, traders and analysts said this week. The natural fibre came into focus in the dispute after Beijing proposed fresh tariffs on US goods and commodities, including cotton and soybeans, following similar moves by the United States. “It should be a zero-sum game in terms of trade, with US cotton going to destinations other than China and competing countries taking more of Chinese market share,” said Beau Stephenson, cotton merchant at Dallas-based Omnicotton. China, as a large producer of synthetic fabrics like polyester and nylon, is already dealing with problems of its own as the country has cracked down on pollution emitters.
Published: 08-04-2018 14:19