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Strong Demand &Nbsp; Thai Baht Appreciation To Promote Thai Cotton Imports Increased

2010/7/30 10:18:00 39

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Because

Thailand cotton yarn

Demand was strong in June this year.

cotton

Imports increased to 27 thousand and 800 tons, an increase of 7.1% over the same period last year. The top three sources of imports were Australia, Benin and the United States.

In addition to the strong demand for domestic yarn,

Thai Baht

The rise in exchange rate is also a major reason for the increase in cotton imports.

In June this year, the global average cotton import cost rose to 91.48 cents / pound, the highest level in 15 years, and the average cotton import cost in Thailand increased to 85.2 cents / pound, a record high.

Nevertheless, as the Thai baht rose to its highest level in two years against the dollar, cotton imports in Thailand increased.

In the coming months, the international cotton prices will fall, and the cost of cotton imports may decline.

Supplement:

The sharp decline in profits and demand has led to a decline in Thailand's textile production capacity by 30-40%. In early November, the US agricultural counsellor predicted that Thailand's cotton imports would decrease by 15-17% in 2008/09.

At present, Thailand's yarn stock is high, export orders have been greatly reduced, and domestic demand has been sluggish.

In 2007/08, Thailand imported 420 thousand tons of cotton.

According to the American agricultural counsellor, according to the current situation, cotton imports from Thailand will be reduced to about 356 thousand tons in 2008/09.

Up to now, Thailand's yarn production has declined for five consecutive months, and has only been growing for only one month this year.

China is the largest cotton importing country, an analyst said. China may increase the import quota of cotton and sell more government stocks to solve the contradiction of insufficient supply.

Mr Tung, assistant manager of Jinshi Futures Limited, said that China could increase its import volume of 1 million tons of cotton before the new flower entered the market in -9 August, while selling 600 thousand tons from the government stock.

Dong said that the supply of cotton in China is still in short supply, and domestic supply does not seem to meet the increasing consumption.

According to the US Department of agriculture, China's cotton consumption is about 10 million 340 thousand tons in 2009-10 years, and its output has dropped to 7 million 100 thousand tons during the same period.

The delay in planting time this spring also poses a threat to the output of 2010-11 years.

Dong said that the growth of cotton yarn prices this year is faster than that of cotton, and the demand for raw materials for textile mills is expanding and profits are increasing.

He said that in July -9, China needed to import 2 million 700 thousand tons of cotton and 900 thousand tons per month.

As the cotton planting time in Xinjiang is postponed in China's largest cotton producing area, the time of new cotton listing may also be postponed.

The nationwide cotton picking work may be postponed to October, 20 days later than normal time.

The Chinese Cotton Association issued a statement on its website today saying that the government is formulating policies to meet the needs of the textile industry and ensure market stability.