Bloomberg News

South African Cotton Crop Estimate Raised on Favorable Rainfall

March 04, 2013

South Africa’s cotton crop will probably be 7 percent greater than previously estimated this production year as higher rainfall will increase yields.

Farmers in South Africa and Swaziland will probably harvest 34,000 lint bales in the year through July, Pretoria-based Cotton SA said today in a statement, up from last month’s estimate of about 32,000 bales.

“We’ve had good rainfall in the cotton planting areas,” Chief Executive Officer Hennie Bruwer said by phone. “It will lead to a better cotton yield per hectare.”

Farmers had switched to planting corn from cotton last quarter as price of yellow corn, used as animal feed, rose to a record 2,809 rand ($309) a metric ton on July 30. Cotton gained 0.8 percent to 84.36 cents a pound by 10:30 a.m. in New York.

To contact the reporter on this story: Jaco Visser in Johannesburg at avisser3@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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