China Cotton Association Estimated Cotton Planting Area 88 Million 160 Thousand Mu This Year.

After two months' suspension, the China Cotton Association released the latest "monthly report on China's cotton situation" yesterday. The monthly report estimated that China's cotton planting area will be 88 million 160 thousand mu this year, which is basically the same as last year.

The cotton association of China commissioned the provincial cotton association to investigate the cotton production situation this year. The survey results showed that the cotton planting area is expected to be 88 million 160 thousand mu this year, which is basically the same as last year.

At present, most cotton areas are in the third to fifth true leaf period, and cotton has been buds in parts of Xinjiang.

The overall meteorological conditions of cotton growing areas in China are more favorable for the growth and development of cotton. However, some low-temperature, strong wind, hail and heavy rainfall occur in some areas. Some cotton fields are damaged, which affects cotton growth to some extent.

The occurrence of Fusarium Wilt in cotton region of Yangtze River Basin is still high.

As part of the cotton plant in the early stage of planting was damaged, the area of replanting was larger, and the emergence of cotton was delayed and irregular, and the seedling condition was worse than that of the same period last year.

The monthly report shows that in May, the domestic cotton market continued to maintain its early stage pattern, and the turnover was light.

The price of standard grade cotton is slightly adjusted at 13800 yuan / ton.

Zhengzhou cotton futures prices and the national cotton trading market electronic matching prices continued to decline, respectively, the annual new low.

Although the international cotton prices continued to decline, the internal and external spreads narrowed significantly, but the number of cotton imports increased in May instead of decreasing. In May, 240 thousand and 200 tons of cotton were imported, a decrease of 8.8% compared with the same period, an increase of 19.4% over the same period last year.

In 2008, China has imported 1 million 31 thousand and 200 tons of cotton, an increase of 10.80% over the same period last year.

Yarn production and textile and garment exports continued to grow, but the growth rate slowed down significantly.