A Texas A&M AgriLife expert says the virus' impact on global production, manufacturing and consumption has caused cotton prices to drop.
Uncertainty surrounding the spread of coronavirus has Texas cotton producers in limbo regarding their crop options for 2020, according to a Texas A&M AgriLife Extension Service expert.
John Robinson, AgriLife Extension cotton marketing specialist, said cotton prices have been dropping due to the disease’s effects on global production, manufacturing and consumption.
The ripple effect of coronavirus on the global supply chain and U.S. imports and exports is spreading, he said.
“The human toll is evident, but there’s also a lot of disruption to commerce, including to cotton,” Robinson said. “You’ve got hundreds of millions of people in Asia who are staying at home. That affects everything from ships not being unloaded to textile manufacturing and consumption.”
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