Dr. Liu, our UGA Cotton Economist and Dr. John Robinson, Texas A&M, gives a good outlook into marketing and risk management programs for cotton producers. The link below is a youtube video. It’s about 40 minutes long but very interesting if you’re into economics and global trade.
Marketing and Risk Management Programs for US Cotton Producers
Notes from the video
- IMF is projecting world GDP to rebound in 2021 to levels similar to where we were before the COVID-19 crisis
- Keep in mind that we missed a whole season worth of apparel sales. EX: Easter clothes, spring clothes
- Clothes are the most discretionary expenditures which affect cotton
- Expected lower demand for apparel which reflects the price.