Let Cotton Fly For A While! International Cotton Prices Remain Silent

2011/2/14 16:19:00 52

The US Cotton Corp's February market report said that in the past month, international

cotton

Spot and spot prices soared, while the A and ICE cotton futures rose 35 cents.

In the first week of February, the A ICE index exceeded 205 cents / lb, and the March futures contract of the ICE futures broke through the market.

Meanwhile, the 2011/12 contract also rose, with the December 2011 contract breaking 125 cents and the new index of the A index breaking 140 cents.

According to the new regulations, the ICE cotton futures contract in May and the July contract have expanded by 7 cents since February 7th.

Although cotton prices continued to rise, the US Department of agriculture in February

production and demand

There was no significant adjustment in the forecast.

In 2010/11, cotton production in the world was reduced by 46 thousand tons to 25 million 93 thousand tons, mainly because Uzbekistan's output was reduced by 33 thousand tons.

The ratio of global consumption, final inventory and inventory consumption has not changed basically.

The US Cotton Corp estimates that the Khmer price will increase the area of cotton growing globally, and the growth in China and the United States will reach 9.8% and 14% respectively.

Nevertheless, NCC's intention to grow cotton is still much lower than the market expected 7900-9720 mu, indicating that cotton will still compete with competing crops.

As cotton prices rise, prices of corn and soybeans are also close to the highest level in 2008.

This year, corn, soybeans and

cotton

The demand increased by 57.1%, 126.1% and 36.3% respectively compared with 1995/96, and the emerging market is the biggest pushing force for the three kinds of crops.

With the rise of developing countries, the global demand for a range of agricultural products will have a huge impact on supply and price.