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Global Cotton Stocks Are Increasing By &Nbsp, And Cotton Prices Have Started To Rise And Fall.

2011/4/1 10:53:00 62

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As at the end of March, international

Cotton price

Still fluctuating around $2.

Under the "high pressure" of soaring cotton prices, the global textile downstream market is "dull pain", and cotton consumption growth prospects are dim.

Recently, cotton demand has weakened.

Price

The voice of the beard is endless. The industry generally feels that the market trend is changing.

rise

The state of mind has been shaken.

Cotton prices are still high.

U.S.A

Fu Stone Company said that although the next year, the world

yield

Will exceed

consumption

But the long-term average of cotton prices falling to 60 cents is not something that can be done in a single year.

The US Flanagan company said that because of the scarcity of cotton resources, cotton prices may still be up to $2.3 in June, and even if there are bad weather or other catastrophic disasters, it may even reach US $2.9.

According to Bloomberg's survey of 68 economists, the rapid growth of China's economy will continue to increase cotton consumption, and the current global demand for cotton is still very strong.

High cotton prices have affected retail terminals.

Toronto Canada first asset investment management company says high cotton prices will not last for a long time.

The global cotton planting area will increase significantly in 2011, and in the face of rising grain and oil prices, clothing demand will obviously be relegated to the second tier.

It is understood that the cost of using cotton in Asia has been greatly increased, causing many manufacturers, retailers and consumers to be hit.

J.C.Penny, the third largest retail group in the US, and GAP, the largest clothing chain in the United States, are facing the same problem.

The famous sports apparel brands such as Adidas and Nike say that the increase in the cost of raw materials, labor and pportation has begun to engulf the company's profits.

Wal-Mart Store Inc also said that by the end of 2011, the price of cotton clothing will have a bigger increase.

Cotton prices are expected to fall by 50%

According to a recent Bloomberg survey, by the end of 2011, ICE cotton futures will fall from the current US $2 / pound to US $1 / pound.

The US Department of agriculture forecasts that the annual global cotton production in 2011/12 will reach 27 million 760 thousand tons, up 11% from a year earlier, while the increase in consumption is expected to be only 3%.

By the end of 2011/12, global cotton stocks will increase to 10 million 880 thousand tons, up 18% over the same period last year.

According to the US Commodity Futures Trading Commission, as of March 25th, the position of hedge funds was 29185 contracts, down 64% from the high level in 2010 September, the largest since 2008, and the reduction of positions has lasted for seven weeks, the longest record since 2006 June.

The National Textile Organization Association said that textile manufacturers in the United States are reducing the purchase of raw cotton or changing their purchases to chemical fibers.

The international cotton advisory committee also believes that by 2020 cotton's share of the global textile market will be reduced from 37% to 30%.