Local cotton prices skyrocketing to record setting levels - KCBD NewsChannel 11 Lubbock

Local cotton prices skyrocketing to record setting levels

By James Clark - email

LUBBOCK, TX (KCBD) - It could be a record-setting year for Lubbock's cotton industry.  According to Lubbock-based Plains Cotton Growers, "2010 is on pace to easily set a new record for Average Price Received by growers." PCG quotes U.S. Department of Agriculture statistics as saying the record high average price is 75.4 cents per pound, which was set in 1995.  

The PCG website says, "So far the 2010 Upland Cotton Weighted Average Price, calculated through October 2010, stands at 77.44 cents per pound. The preliminary mid-month price reported for November 2010 is 80.10 cents per pound."

 Meanwhile cotton contract prices on the futures market surged last week based upon concern about India's cotton crop.  Cotton futures rose 6 cents to $1.3234 per pound.  With the exception of Civil War prices of $1.89 per pound, that's an all time record.

Copyright KCBD NewsChannel 11.  All rights reserved.

  • Local News on KCBD.comNewsMore>>

  • Trump focuses on first responders after Florida shooting

    Trump focuses on first responders after Florida shooting

    Saturday, February 17 2018 1:30 AM EST2018-02-17 06:30:42 GMT
    Saturday, February 17 2018 6:43 PM EST2018-02-17 23:43:37 GMT
    President Donald Trump visited a Florida community reeling from a deadly school shooting, meeting privately with victims and cheering the heroics of first responders, but extending few public words of consolation...
    President Donald Trump visited a Florida community reeling from a deadly school shooting, meeting privately with victims and cheering the heroics of first responders, but extending few public words of consolation to those in deep mourning.
  • Florida, angry and grieving, takes gun protest to streets

    Florida, angry and grieving, takes gun protest to streets

    Friday, February 16 2018 11:00 PM EST2018-02-17 04:00:25 GMT
    Saturday, February 17 2018 6:38 PM EST2018-02-17 23:38:40 GMT

    Anger bubbles over at funerals for students and teachers killed in Florida school shooting.

    Anger bubbles over at funerals for students and teachers killed in Florida school shooting.

  • Kovalchuk scores twice, Russians outclass US 4-0 at Olympics

    Kovalchuk scores twice, Russians outclass US 4-0 at Olympics

    Saturday, February 17 2018 9:52 AM EST2018-02-17 14:52:36 GMT
    Saturday, February 17 2018 6:35 PM EST2018-02-17 23:35:43 GMT
    Ilya Kovalchuk scored two back-breaking goals as the Russians outplayed, outhit and outclassed the United States in a convincing 4-0 shutout Saturday night as each team wrapped up pool play at the Olympics.
    Ilya Kovalchuk scored two back-breaking goals as the Russians outplayed, outhit and outclassed the United States in a convincing 4-0 shutout Saturday night as each team wrapped up pool play at the Olympics.
Powered by Frankly