US Cotton Economist: The Economic Downturn Is A Fatal Blow To The Textile Industry.

2009/3/11 0:00:00 21

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CERI, an agricultural economist at the Dezhou University of economics, said the world

Economic decline

The United States will continue to lose its share in the global cotton market, which is a fatal blow to the textile industry.

The annual forecast released by the Institute shows that the amount of cotton used in China's textile mills has decreased significantly, while China's cotton consumption accounts for about 50% of world cotton output.

Cotton stocks will increase and drag in the next two years.

Cotton price

Continue to decline.

CERI Dean Darren Hudson said: "

economic downturn

A fatal blow to the textile industry.

If the economy starts to recover at the end of 2009 or 2010, the amount of cotton used in textile mills will not begin to recover until the 2-3 quarter.

Now, we predict this year's farm.

Price

It's about 50 cents a pound. "

The researchers also predict that although the cotton planting area has declined for several years in a row, it will still decrease this year due to higher grain prices and lower cotton prices.

They predicted that the cotton planting area in the Mississippi Delta area would be greatly reduced, but the reduction in cotton production in the United States would be offset by increased production in Brazil and India.

Brazil and India will increase their yields and domestic subsidies will continue to increase cotton production.

The US share of the global cotton market will continue to decrease.

The forecast shows that during this period,

Price

Will continue to improve, indicating that in the 6-8 years, the price will break through this year's farm price of about 50 cents, developing towards about 70 cents per pound.

As long as the economy starts to recover moderately next year,

Cotton price

It will recover.

Editor in chief: Xu Qiyun