Finish Line Approaching for 2013
High Plains Cotton Crop
Friday, January 3, 2014 By Mary Jane Buerkle
Typically, by the first of the new year, the High Plains cotton harvest is all but finished. However, delays throughout the harvest season kept some farmers out of the fields, meaning that Santa Claus made his annual visit before they could say the 2013 cotton crop was behind them.
Those delays have impacted ginning operations as well. Although some gins already have completed their season, others have a few weeks of ginning to go. Some have temporarily halted operations as producers finish their harvest.
As is common during the latter stages of harvest, quality has slipped a little, but the Lubbock office still was reporting almost 60 percent at color grade 11 or 21. Bark this week was at 47.8 percent, well over the season average of 22.9. Season average length is 35.83.
According to an analyst quoted in Plains Cotton Cooperative Association's Cotton Market Weekly, the March futures contract is trading at more than seven cents higher than this time last year and was one of the top commodity markets with an overall gain of 12.6 percent for the year. March futures were trading at almost 83 cents as of press time.
Friday, January 3, 2014 From the National Cotton Council
Just two months after its launch, the Cotton LEADSĒ program continues to gain momentum along the global textile supply chain. Thirty textile companies ─ suppliers to some of the world's most recognizable apparel brands ─ have formally acknowledged the merits of Cotton LEADSĒ cotton and now include it within their sustainable sourcing guidelines. Among the well-known companies that have become members of the Cotton LEADSĒ program, which emphasizes the responsible growing practices of cotton growers in the U.S. and Australia, are: Fruit of the Loom; Central Textiles; Tuscarora Yarns; Mount Vernon Mills; and the Esquel Group.
Fruit of the Loom was one of the first companies to sign on to the Cotton LEADSĒ program. Tony Pelaski, the brand's Chief Operating Officer, notes, "Fruit of the Loom continues to strive for the highest level of corporate responsibility in our supply chain. As a member of Cotton LEADSĒ, we are assuring consumers of our commitment to sustainability and traceability in the cotton we use in our products."
Cotton LEADSĒ is committed to continuous improvement in farm production practices, environmental stewardship and the dissemination of best practices information broadly throughout the world's cotton producing countries. The Cotton LEADSĒ program emphasizes the environmental gains achieved at a national level within the two current member nations, as well as the national oversight and national capabilities of the cotton industries in the U.S. and Australia. Combined, Cotton LEADSĒ cotton accounts for roughly 17 percent of global production. Cotton LEADSĒ helps assure a ready supply of responsibly-grown cotton to a textile industry that is increasingly interested in sustainable and traceable production practices, as well as commitments to ongoing improvement.
The national-level practices and progress of the Australian and United States cotton industries continue to attract the interest of textile business around the world. Early signatories to the program include the following 30 companies, which have formally recognized the merits of Cotton LEADSĒ cotton and include it as part of their sustainable sourcing programs:
USA: Fruit of the Loom, Springs Creative Products Group, Contempora Fabrics, Pickett Hosiery, Frontier Spinning, Mount Vernon Mills, Carolinas Cotton Growers Cooperative, Tuscarora Yarns
Taiwan: Tah Tong Textile Company, Ltd. (Taiwan)
Europe: Hermann Buhler AG (Switzerland), IMAP Export S.p.A. (Italy), Vincenzo Zucchi S.p.A. (Italy)
China/Hong Kong: Huafang Co. Ltd., Yixing Lucky Textiles, Datsun Weaving Factory Ltd., Jasonwood Jeans Corp., Ltd., Shijiazhuang Changshan Textile Co., Ltd., Shanghai Imagine Home Textiles Co., Ltd., Ningbo Peacebird Men's Wear Co., Ltd., Shandong Huale New Materials Science And Technology Co., Ltd., TexHong Textiles, Esquel Group, Nice Dyeing Company, Central Textiles (H.K.) Ltd., Shenzhen PurCotton Technology, Co. Ltd., Central Textiles (H.K.) Ltd., Ibena Shanghai Technical Textiles Co., Ltd., Shanghai Konglong Textile Ornaments Co., Ltd., Jihua 3542 Textile Co., Ltd., Foshan Seazon Textile and Garment Co. Ltd., Dongguan Kefang Textile Co., Ltd.
Cotton LEADSĒ is a joint program of the Australian and United States cotton industries and is a project of The Cotton Foundation. Its founding members are Cotton Australia, the National Cotton Council of America, Cotton Council International and Cotton Incorporated. The program is designed to raise awareness of the responsible growing practices and commitment to continuous improvement among cotton producers in the member countries. More information on Cotton LEADSĒ can be found at http://www.cottonleads.org.
PCG Board Meets January 15
The next regular meeting of the Board of Directors for Plains Cotton Growers, Inc. will begin at 3:00 p.m. Wednesday, January 15, at the 50-Yard Line Restaurant in Lubbock. Dinner will be served at the conclusion of the meeting.
A full agenda is planned for the afternoon, including a cotton market report from John Robinson with Texas A&M's Department of Agricultural Economics. Attendees will hear a legislative update and a report on the status of PCG finances.
For more information, contact PCG at (806) 792-4904.