In 2010, the global textile fiber and textile clothing market demand revival, but the main cotton producers China and Pakistan due to disaster weather reduction, resulting in the supply and demand gap of cotton as raw material for textile industry expanded by nearly 5 times than in 2009. India, the export power, adopted the policy of restricting cotton export, exacerbated the tension of supply of cotton. With the vigorous promotion of speculative capital, the international cotton price continued to rise sharply, reaching a new high in recent 15 years, and the CotlookA cotton price index rose 116.7%.

Cotton prices have soared to boost cotton production in India, the United States and Brazil.

The US Department of agriculture's May 2011 supply and demand report predicts that global cotton production will grow at 27 million 159 thousand tons in 2011/12, an increase of 8.8%, and consumption of 26 million 19 thousand tons and 2.6%.

At present, cotton consumption demand momentum is not decreasing, cotton prices will remain high in the second half of the year, but it is difficult to continue the strong trend of last year.

China is the largest producer and consumer of cotton in the world, and the largest in the world.

Due to the impact of disaster weather on cotton production, the demand for domestic textile and garment industry is strong, and the gap between supply and demand is widening. Capital speculation has boosted domestic cotton prices in 2010, and import demand has increased.

In 2010, China imported 2 million 839 thousand tons of cotton, an increase of 86% over the same period last year.

2011, China

The large scale import of cotton is inevitable, and the scale of cotton imports will exceed 2010.

The sharp increase in cotton prices exacerbated the operational risks of downstream textile enterprises, and the cost carrying capacity of downstream textile enterprises was relatively weak.

The recent rise in cotton prices at home and abroad has dropped, but textile and clothing are hard to cut.