Global Supply Slightly Exceeds Demand &Nbsp; There Is Downward Pressure On Cotton Prices.

at present New cotton The acquisition of China's cotton trade has begun. According to the China Cotton Association, 2011 cotton year (September 2011 ~2012 August) will reach 7 million 380 thousand tons of cotton, an increase of 11% over the same period last year. It coincides with the results predicted in the August 10th cotton price or downward pressure.

This is the news from the national cotton situation analysis conference held in September 15th by the China Cotton Association in September 15th. Gao Fang, executive vice president and Secretary General of the China Cotton Association, said that since the planting of cotton from late August to late August, the climate of the whole country is relatively suitable. The yield per unit area is higher than that of last year, and the trend is a good year. The climate of the Yellow River River Basin and cotton region is suitable, cotton grows well, the climatic section of the Yangtze River Basin is slightly worse, and the yield of some cotton areas has declined.

Gao Fang said he was influenced by the economic environment at home and abroad. cotton The supply and demand situation and capital speculation and other factors have affected the domestic cotton prices in 2010. At the end of March this year, the state issued a temporary cotton purchase and storage policy, which is conducive to stabilizing market expectations, protecting cotton farmers' interests and ensuring market supply. At the end of August, the rules for temporary storage and purchase were issued, and all the work was in preparation. The role of stabilizer was revealed, and cotton prices tended to be stable.

According to Gao Fang, the problems faced by the textile industry in 2011 are still very complex, and there are great difficulties in the rapid growth of the industry. Therefore, the growth rate of the textile industry will continue to slow down in the new year, and cotton demand is expected to remain at the level of the previous year.

Internationally, most of the main cotton producing countries in 2011 were cotton. Have bumper harvest Output will increase significantly, and demand will not change much. Supply and demand will improve significantly. Supply is slightly larger than demand. Cotton prices will still have downward pressure.

Gao Fang said that the new year has launched a temporary reserve plan. If the market price falls below 19800 yuan / ton, it will open up and store up. If it is above 19800 yuan / ton, it will follow the market. The policy of reserve and storage is expected to be completed in 2011. cotton The market will remain stable overall.