the fear for upcoming cotton production and extraction has reached highest due to extreme heat in China

On the other hand, the fear for upcoming cotton production and extraction has reached highest due to extreme heat in China. The largest exporter of the product is the United States. But severe drought has been devastating for the country’s cotton-growing regions. The second largest cotton exporter Brazil is constantly fighting with excessive heat and drought.

According to Bloomberg, cotton production will decline by 28% in the US and 27% for Brazil. The US cotton production may reach its lowest level since the 2009-10 season. The drought has become so severe in the country, the government has begun rationing water from the Colorado River