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Ministry Of Agriculture: A Slight Reduction In Domestic Cotton Prices Or High Volatility

2010/11/20 8:57:00 50

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China

Ministry of Agriculture

The Rural Economic Research Center released the report on the implementation of China's rural policy in 2010 18. The Ministry of agriculture pointed out in the report that due to the continuous decline of cotton production in both the domestic and the world, the demand for textile industry has been strongly recovered, the supply and demand situation is tight, and the price of cotton has been growing rapidly.

The purchase price of grade 3 cotton reached 5.7 yuan / kg in October, up 42.3% compared with the same period last year.

The average monthly price of grade 328 cotton rose from 14932 yuan per ton in January to 24701 yuan per ton in October, up 80.9%.

The Cotlook A index rose from 77.39 cents / pound in January to 127.48 cents / pound in October, up 90.8%, the highest since 2003.

It is expected that the price of international cotton will drop somewhat in the late stage as new cotton comes into the market.

High concussion

。

The Ministry of agriculture predicts that the cotton area will continue to decline in 2010. The cotton planting area in the whole country will be 76 million 851 thousand mu, a decrease of 47 thousand and 900 Mu compared with last year, with a reduction of 0.06%, and the total output will be flat.

Imports increased significantly in the 1-3 quarter of 2010.

Imported cotton

2 million 152 thousand and 500 tons, an increase of 99.7% over the same period last year.

According to the latest survey of the national cotton market monitoring system in 19 days, the cotton planting area of this year is 75 million 682 thousand mu, which is 1.1% lower than that of last year. The output per unit area is 84 kg / mu, 4.4%, the total output is 6 million 360 thousand tons, and the reduction is 5.5%.