Global Factors Push Cotton Prices Up
cotton
The price has soared to the highest price in nearly 10 years, and the current price has doubled over the past few years.
The main reason is that global supply is decreasing, demand is expanding, and natural disasters are occurring.
Major Asian countries and Middle East cotton producers cut off the world.
Cotton supply
Despite the growing demand for cotton products, cotton prices rose to the highest level in 15 years.
First of all, severe frost and bad weather occurred in China. China is the biggest cotton producing country and consumer country in the world. China's cotton is damaged, forcing China to expand its imports and make up for the demand gap.
Meanwhile, India, the world's second largest cotton producer, has restricted cotton exports after floods and bad weather in China, aiming to protect domestic supplies and control domestic market prices.
In addition, another big producer, Pakistan, suffered devastating floods, causing serious damage to cotton in Pakistan.
As global competition leads to price declines, the United States
Cotton yield
It also declined year after year.
The demand for cotton fabrics in the middle class of China and other developing countries has been expanding, and cotton has suddenly become a hot selling commodity.
Cotton prices have risen by more than US $1 / pound over the past 40-50 cents / pound over the years.
Most American cotton exports to China are exported to the United States in the form of garments, sheets and bath towels.
- Related reading
Do Not Expect The Myth That Cotton Will Keep Falling; &Nbsp Needs To Be Sorted Out.
|Cotton Prices Hit A 10 Year High Of &Nbsp; Home Textile Stocks Are Expected To Raise Prices.
|- Standard quality | The Quality Is Up &Nbsp; Yu Faction Clothing Is Popular In The Northern Market.
- Footwear industry dynamics | 鞋類運(yùn)動(dòng)品牌回購甩賣或成惡性循環(huán)
- international standard | Owners Of India Textile Printing And Dyeing Mills Seek To Reduce Loan Interest.
- I am at the scene. | The Three Phase Of The Canton Fair Was Opened Yesterday; &Nbsp Is Facing A Major Test In Ningbo's Clothing Exports.
- Leisure clothes | Eason Chan Opened &Nbsp In Xiamen;
- Market trend | Europe And The United States Market Weakness, Guan Enterprises "Technology War" Policy
- Recommended topics | The Future Of China's Footwear Industry Is Still Full Of Risks.
- Local hotspot | 太原：冬裝價(jià)格上漲 高價(jià)讓市民望而卻步
- Enterprise information | Bosideng Brand Value Replaces First Place In Textile And Garment Industry
- Footwear industry dynamics | The Government Of Brazil Provides Babysitter Services For Shoes, Clothing And Other Small And Medium-Sized Enterprises.
- China Zhili Cotton Cloth City: All Kinds Of Antistatic Fine Fabrics October 8Th Quotation Sheet
- Announcement Of The National Cocoon Wire Office On The National Reserve Plant Silk
- Winning By Quality Is The Only Way For Export Shoe Enterprises.
- 期棉疲態(tài)顯現(xiàn)謹(jǐn)防回落風(fēng)險(xiǎn)
- Multinational Currencies Strengthened &Nbsp; Triggered Currency War Fears.
- HARE推出2010秋冬經(jīng)典工裝靴款
- China Zhili Cotton Cloth City: All Kinds Of Quality Leisure Fabrics Series October 8Th Quotation Sheet
- Do Not Expect The Myth That Cotton Will Keep Falling; &Nbsp Needs To Be Sorted Out.
- Changshu Shopping Mall Socks (10.4 - 10.8) Price Reference
- Push&Nbsp; Connection Launched Wallabram Amy Khaki Shoes.