Bloomberg’s Ilena Peng reported Saturday that cotton’s “demand from U.S. manufacturers is on an unrelenting — and accelerating — decline. There were nearly 900 U.S. cotton mills operating around the time of the Chicago expo (in 1893). That number is today around 100, the National Cotton Council estimates, after eight closed in the last five months of 2023 alone.”
“With domestic textile manufacturing nearly gone, cotton farmers who are this month starting to sow millions of acres from California to the Carolinas are less likely than ever to find a buyer for their next harvest at home,” Peng reported.
www.agriculture.com/u-s-cotton-mills-rapidly-closing-8622889
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