U.S. Global Leader in Cotton Exports and House Reps Push Back on EATS Act

U.S. Global Leader in Cotton Exports and House Reps Push Back on EATS Act

Bob Larson
Bob Larson
From Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**The U.S. is the global leader in cotton exports by value, holding a 33% share of the global export market in 2021.

www.agrimarketing.com reports cotton exports expanded to $8.9 billion in 2022 and, while cotton exports in 2023 are expected to be lower, USDA's 10-year projections indicate growth in the long term.

In 2021, U.S. exports of cotton totaled nearly 3 million metric tons, 47% more volume than the next highest exporter, Brazil.


**Sixteen members of the House of Representatives pushed back against the Ending Agriculture Trade Suppression, or EATS Act.

The group sent a letter to House Ag Chair Glenn Thompson and Ranking Member David Scott.

Competitive Markets Action president Marty Irby applauds the representatives for taking a stand against the EATS Act that would sell out American agriculture to China.

He says it’s an assault on states’ rights backed by Smithfield, a wholly owned Chinese corporation.

**The U.N.’s Food and Agriculture Organization’s Food Price Index edged lower to 121.5 in September, the lowest since March 2021.

Dairy prices dropped 2.3%, a ninth consecutive fall.

Meat costs dropped 1%, led by a drop in pork amid weak export demand from China and ample global availabilities.

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