Cotton Textile Industry PMI Continues To Decline: High Inventory Limit Zheng Cotton Uplink Range

According to the latest global cotton supply and demand forecast report released by the US Department of agriculture (USDA) in July, the total output of cotton in the world in July is 25 million 348 thousand tons, an increase of 109 thousand tons from last month, 24 million 241 thousand tons of consumption and 207 thousand tons of reduction, and a further 23 million 9 thousand tons of final inventory, an increase of 645 thousand tons, an increase of 5.1% over the current year. In the context of