Global Cotton Supply Exceeds Demand And Pressure Continues.

At present, the new cotton has been opened up and bought. According to the China Cotton Association, the 2011 cotton year (September 2011 ~2012 August) will reach 7 million 380 thousand tons of cotton output, an increase of 11% over the same period last year. It coincides with the forecast results released in August 10th that the cotton price will continue to face downward pressure.

This is a national conference held in September 15th from the China Cotton Association in Beijing. cotton News of the situation will be heard. 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 that domestic and foreign economic environment, cotton supply and demand and capital speculation and other factors affected domestic cotton prices in 2010, plummeted and plummeted. 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 analysis, 2011 Textile industry The problems 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 cotton producing countries in the year 2011 will have a bumper harvest of cotton and their output will increase significantly. demand There is little change, the supply and demand relationship is obviously improved, the supply is slightly larger than demand, and there is a downward pressure on cotton prices.

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. There is a policy of purchasing and storing the bottom. It is expected that the domestic cotton market will remain stable in 2011.