Development And Reform Commission: The International Cotton Price Climbed &Nbsp, And Is Expected To Run High In The Late Stage.

　　 Some countries suffered serious in the early stage. Natural disaster In July, the prices of agricultural products such as wheat, corn, cotton and soybeans rose sharply, and the prices of these agricultural products continued to rise in recent years. It is expected that wheat, corn, soybean and cotton prices will continue to run at a high level in the late stage.

Cotton prices continued to rise in the first four months of this year. Prices in May and June stabilized at a high level and began to rise steadily in mid July. In August and September, the UK outlook index increased by 7.36% and 15.92% respectively, and the US cotton futures prices rose by 8.34% and 11.49% respectively. In October 12th, the UK Outlook Index and the US cotton futures rose to 125.2 cents / pound, 110.5 cents / pound respectively, the highest price since June 1995, respectively, rising 50.48% and 43.21% respectively compared with the first half of July.

this time international market The price of wheat, corn, soybeans and cotton has risen sharply, mainly due to the hot and dry weather in major soybean producing areas in Russia and other countries. Pakistan has suffered serious floods, causing the market to worry about the output of wheat, soybeans and cotton in the next year, and speculative funds will push up prices. It is expected that wheat, corn, soybean and cotton prices will continue to operate at a high level in the late stage.

The world's cotton production has risen sharply this year, which is expected to restrain rising prices. Price trend Meanwhile, factors such as shortage of production and continuous decline in inventory will still have an impact on cotton prices. Cotton prices are expected to fluctuate at high levels in the next few months. The US Department of Agriculture reports that global cotton production is 25 million 410 thousand tonnes in 2010/11, an increase of 15.12%, and consumption of 26 million 300 thousand tons, basically recovering to the level of consumption before the global financial crisis. It is only behind 2006/07 and 2007/08 consumption in history, an increase of 2.57% compared with the previous year. Judging from the relationship between production and demand, cotton production has increased substantially, but compared with demand, there is still a gap of 890 thousand tons. In the fifth consecutive year, insufficient production is needed, and inventory needs to be remedied. The global cotton stocks will continue to decline. It is estimated that the end of world cotton inventory in 2010/11 will drop to 9 million 720 thousand tons, a decrease of 4.94%, the lowest level in nearly six years. The inventory consumption ratio was 37%, falling to the lowest level since 1996, supporting the price structure. But at the same time, at the time of the cotton harvest in the northern hemisphere, the amount of resources that can be listed on the market can meet the short-term market demand, and the trend of continuous rising cotton prices is expected to be curbed. Overall, cotton prices are expected to show high volatility in the first few months of this year.