Cotton Prices Continue To Fall

2011/8/23 19:01:00 49

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Cotton Prices Fall

At present, most cotton producing and processing areas in our province have been waiting for new flowers to be listed.

Jingzhou local weather is good, new flowers.

Growing well

New flowers are expected to be launched in mid September.

Local lint in Gongan County

Stock

Not much, the three class market quotation is about 19000 yuan / ton, local equipment has been overhauled, waiting for new flowers.

Domestic aspects: cotton seedling growth this year is obviously better than last year, the output is also high, there may be oversupply.

The State adopts unlimited quantity.

store up

Policy, if the latter can effectively start, cotton prices will not fall in depth, purchase or storage price or become cotton prices.

Iron bottom

。

However, the price of the domestic cotton reserves is very high.

Regulation and control

Limited, the economic environment of the external market is still very bad, and the volume of cotton is decreasing, and the paction price continues to fall.

Overseas: cotton production in India is expected to reach a record high this year. This indicates that the supply of the second largest cotton producing countries in the world will continue to increase, which may lead to a fall in global cotton prices.

The price of cotton in India is nearly half lower than that of the whole world, and it has strong attraction for some textile producing countries in Asia that focus on cost control.

India has also eliminated quantitative restrictions on overseas cotton sales, allowing more exports of cotton to foreign countries.

The international market has also experienced a downturn in the economic situation, which will affect the operation of China's export textile enterprises in the second half of this year.