2009-10 Cotton Season, China'S Cotton Demand Exceeds The Output.
In the 2009-10 cotton season, China is right.
cotton
The demand exceeds the domestic output, exceeding 3 million 600 thousand tons, which has increased.
Supply and demand gap
The China Cotton Association said today.
China is the largest cotton purchasing country and planting country in the world.
The gap between supply and demand has increased by 2 million 600 thousand tons over the previous year. The China Cotton Association quoted Zhang Xiaoqiang, deputy director of the national development and Reform Commission.
Zhang Xiaoqiang said: "the recovery of textile industry and the decrease in production led to the decline.
Supply and demand balance
A great change has taken place. "
In the cotton season ended in August 31st, China's domestic cotton output fell by 14.7% to 6 million 400 thousand tons.
The yarn production expanded by 16.6% to 26 million 410 thousand tons, driving the total demand for cotton to 10 million 600 thousand tons.
China sold cotton from government reserves to fill the gap between supply and demand. It provided 1 million 100 thousand tons of cotton between September and December, and 230 thousand tons of cotton reserves on 10-31 August.
Cotton imports in the country increased by 73% to 2 million 510 thousand tons a year ago.
China's standard cotton prices climbed 29.3% in the 2009-10 cotton season, averaging 15724 yuan / ton (2347 US dollars / ton), following the growth trend of the international cotton market.
China will re sell 30-40 million tons of cotton from the national cotton reserves to meet the needs of the textile industry.
Since August 10th, China has decided to sell 600 thousand tons of state reserve cotton, and then the state will release the national reserve cotton again.
Today (27) cotton prices in the Zhengzhou Cotton Exchange reached 22000 yuan / ton, as supply and demand for yarn increased and output declined.
The cotton season has climbed 28% since the government began auctioning the national reserve cotton in August 10th.
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