2011~2012 Cotton Trade Increased By 9% In The Cotton Season.

On the one hand, China reserves at least 3 million tons of domestic cotton and 1 million tons of foreign cotton in the international cotton reserves in the first 8 months of the 2011-12 cotton season.

This accumulation has contributed to China's cotton imports. At present, China's cotton imports are forecast to rise by 61% over the 2010-11 cotton season to 4 million 200 thousand tons.

Such purchases in China support domestic and international cotton prices, and sales from cotton reserves will reduce China's cotton imports and eventually depress world cotton prices.

On the other hand, the India government abruptly banned cotton exports in March 5, 2012. The decision of the government of India has limited impact on cotton prices in March. The Cotlook A index is still at 1 US dollars / pounds.

However, if the India government prohibits cotton exports for a long time, it will increase world cotton prices.

In the 2011-12 cotton season,

According to Pakistan Daily Times reported on April 4th, although there are 1 and a half months from the end of the harvest season, as of the end of March, the cotton harvest reached 14 million 670 thousand packs (1 packs and 170 kilograms), exceeding the 14 million 310 thousand pack in 2004-05, the highest record ever recorded.

At the same time, the purchase volume of new cotton in textile mills is as high as 13 million 50 thousand bags, which is also a record high.

Experts predict that as of the end of this season, Pakistan cotton production is expected to exceed 16 million packs.

Last week (March 2012 26-31) was the twenty-third week of the storage and purchase paction in the 2011 coming year. As of 31, the cotton temporary purchase and storage ended in 2011, and the total turnover was 3 million 120 thousand tons.

In the week, the price of domestic cotton purchase and sale continued to move downward.

In March 31st, the national cotton monitoring price index was 19502 yuan / ton, down 63 yuan / ton compared with the previous week, or 0.32%, lower than the national purchasing and storage price of 298 yuan / ton, the range was 1.51%.

There were 256 cotton enterprises, up 17 from the previous week, an increase of 7.11%. This year, the total number of participating enterprises reached 906.

Storage and storage of 108 thousand and 200 tons, an increase of 4 thousand and 400 tons compared with the previous week, of which 41 thousand and 300 tons in Xinjiang, 10 thousand and 800 tons less than the previous week, 66 thousand and 900 tons in the mainland, an increase of 15 thousand and 200 tons compared with the previous week.

As of March 31st, a total of 3 million 119 thousand and 500 tons were registered this year, of which 1 million 712 thousand tons in Xinjiang and 1 million 407 thousand and 500 tons in the mainland.

Reported that

If China's national reserves are deducted from the global inventory, the remaining free stocks will grow by 5% to 9 million 400 thousand tons.

The scale of China's national reserves will bring uncertainty to the global cotton market, which may be months or years.