2011 Cotton Production Increased Slightly By 20% &Nbsp; Price Continued Fatigue.
23, the China cotton reserve management company issued a document saying that it is expected that the total output of cotton will increase slightly by 20% in 2011, and domestic cotton prices will continue to be weak.
From October 20, 2011 to November 1st, China
reserve
The national cotton market monitoring system, built by cotton management company, launched an investigation on cotton production in China in 2011, involving 15 cotton planting provinces (autonomous regions) and 87 cotton planting counties (cities and regiments).
The survey results show that although the rainwater in the Yellow River and Yangtze River Basin is too much after August, it has a certain negative effect on cotton growth.
Influence
But the whole cotton growth is better in the whole country.
Cotton in 2011
Plant
An area of 79 million 417 thousand mu, an increase of 8.5% over the previous year; an average yield of 95 kg / mu, an increase of 11.6%; the total output of 7 million 548 thousand tons, an increase of 21.2%, a 3.8 percentage point lower than that predicted in August.
At the same time, China store cotton said that the sales of yarn and cloth were still sluggish in the near future, and the textile enterprises stopped and limited production increased, and finished product inventory remained high.
In addition, the price of polyester staple fiber continued to decline as crude oil prices plummeted and downstream sales failed.
Moreover, downstream textile procurement is weak, spot trading is in the doldrums, cottonseed prices continue to decline, cotton purchase and sale prices have dropped slightly, the focus of attention in Zhengzhou cotton futures and electronic matching market has gradually weakened, and the market has maintained a lateral state of consolidation.
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