According to the National Cotton Council’s 41st Annual Early Season Planting Intentions Survey, U.S. cotton producers intend to plant 12.0 million cotton acres this spring, up 7.3 percent from 2021.
Upland cotton intentions are 11.9 million acres, up 7.1 percent from 2021, while extra-long staple (ELS) intentions of 158,000 acres represent a 24.8 percent increase. The detailed survey results were announced during the 2022 National Cotton Council Annual Meeting.
Dr. Jody Campiche, the NCC’s vice president, Economics & Policy Analysis, said, “Planted acreage is just one of the factors that will determine supplies of cotton and cottonseed. Ultimately, weather and agronomic conditions are among the factors that play a significant role in determining crop size.”Cotton newsline audio with Dr. Jody Campiche (4:04)
The National Cotton Council also provided the annual economic outlook for the industry at the annual meeting.
This past year can be characterized as a year with significant uncertainty and volatility in the global economy and the world cotton market. The global economy recovered at a much faster pace than expected as COVID-19 restrictions were relaxed and world economies reopened. Strong world cotton demand has resulted in the highest cotton prices in a decade. However, the lingering effects of the COVID-19 pandemic’s shock to global trade have created an unprecedented level of stress and disruption on the entire supply chain, from transportation costs to labor availability.