According to reports from overseas analysts, from mid June to mid July, ICE cotton futures contracts rose from 12 cents to more than 70 cents, which is slightly higher than the same period of last year's 65.

The A index also rose from 75 cents to more than 77 cents. The current price is also slightly higher than last summer's highest level.

Last month, China and

The price of cotton rose sharply, and China's cotton price rose from 87 cents to 93 cents. The S-6 price of India rose from 73 cents to 83 cents.

Cotton prices in Pakistan rose from 65 cents to 68 cents.

After the launch of new cotton, the tight supply in China and India will be eased.

Cotton prices are expected to enter the downstream channel in 2016/17.

For cotton prices, a very important question is whether the 1 million 200 thousand tons of cotton output outside China can be successfully digested.

If China continues to be independent of the international market, the surplus stock in other countries will be hard to digest under the current downturn in global consumption growth.

The US Department of agriculture forecast in July to reduce the global cotton output this year and next year, increasing the global cotton consumption this year and next year, which led to a double decline in the global end inventory in the current and next year.

Although 81.8% of the inventory consumption ratio is still twice that of the historical average, this time, the global inventory reduction is explained globally.

The process of stock taking has accelerated significantly.

The recent rise in cotton prices has been supported by the short supply of cotton, especially in India, where domestic cotton prices have risen by 15 cents in one month.

A large number of exports to Pakistan

After that, India was forced to rely heavily on imports to meet domestic demand.

Official figures show that cotton imports in India increased by 71% over the same period last April.

The situation in China is also similar, and domestic cotton prices have risen 5 cents in a few weeks.

The main problem in China now is that although there is a large number of cotton reserves coming out, there is still a shortage of market supply.

Since May, almost all of the cotton reserves were sold, and the quality of some cotton reserves was not up to standard, which led to a decrease in the number of listed stocks in June.