This Year'S Cotton Output Increased By 21.2%&Nbsp; Spot Trading Fell Into A Downturn.
The national cotton market monitoring system built by the China reserve cotton management corporation has recently been used in China for the year 2011
cotton
The production situation was investigated, involving 15 cotton planting provinces (autonomous regions) and 87 cotton planting counties (cities and regiments).
The survey results released yesterday showed that although the rainwater in the Yellow River and Yangtze River Basin was too much after August, it had a certain negative effect on cotton growth, but the whole cotton growth in the whole country was better.
Cotton in 2011
Plant
The area is 79 million 417 thousand mu, an increase of 8.5% over the previous year, with an average yield of 95 kg per mu, an increase of 11.6%, a total output of 7 million 548 thousand tons, an increase of 21.2%.
From the recent market, sales of yarn and cloth are still sluggish.
Limited production
With the increase in the number of finished products and the high inventory of finished goods, the price of cotton yarn continued to decline, and the price of polyester staple fiber continued to decline as crude oil prices plummeted and downstream sales failed.
Downstream textile procurement was weak, spot trading fell into a slump, cottonseed prices continued to decline, and cotton purchase and sale prices fell slightly.
In the continuing impact of the European debt crisis, China cotton reserve expects that the international cotton price will continue to run weak in the near future.
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