This Year'S Cotton Output Increased By 21.2%, Spot Trading Fell Into A Downturn.
By China
reserve
National cotton constructed by cotton management company
Market monitoring
The system has launched an investigation into cotton production in China in recent 2011 years, 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.
In 2011, cotton cultivation area in China increased by 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%, and a total output of 7 million 548 thousand tons, an increase of 21.2%.
Judging from the recent market, yarn and cloth
Sale
It is still sluggish, textile companies stop production, limit production increase, finished product inventory remains high, can only increase sales promotion efforts, cotton yarn prices continue to decline; as crude oil prices drop and downstream sales are not good, polyester staple fiber prices continue to decline.
Downstream textile procurement weakness, spot trading in a slump, cottonseed prices continue to decline, 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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