Uzbekistan Cotton Area Hit By Heat Wave And High Temperature

< p > New York cotton continued to decline last Friday.

Cotlook spot prices fell.

On the 29 day, cotton prices in India remained stable; cotton prices in Pakistan were strong; Egypt exported 100 tons of long staple cotton last week; Uzbekistan cotton area was hit by heat waves and hot weather.

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< p > 1, futures < /p >

< p > recent contract settlement price in October was 84.85 cents / pound, down 52 points; the main contract price in December was 84.71 cents / pound, down 41 points; the forward March contract closed at 82.71 cents / pound, down 69 points.

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< p > when the cotton futures briefly went down in the early days of the month, they rose to the top of the market, but failed to break through the 86 quarter of the last week's shock interval. The dollar rose in the afternoon and the market pressure on the commodity market as a whole. The cotton market fell at a high level. The contract fell below 85 cents to the lowest point of 84.71 cents on that day. The latter part of the paction rebounded slightly, making up some of the decline, and the market ended in a cloudy fall.

Other forward contracts also declined.

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< p > two, spot < /p >.

< p > 29, CotlookA index 92.55 cents / pound, down 90 points.

Imported cotton price index (FCIndex) SM reported 98.58 cents / pound, down 53 points; M reported 96.88 cents / pound, down 54 points; SLM reported 94.85 cents / pound, down 81 points.

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< p > with the continuous narrow fluctuation of cotton prices in New York period, traders' quotations declined on the 29 day.

Bangladesh continued to purchase high-grade cotton from Uzbekistan and Australia, while Southeast Asia issued regular enquiries, but the psychological price of spinning enterprises was about 2 cents lower than sellers' quotations. Last week, China and Italy purchased a small number of new India flowers.

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< p > three, and each country's dynamic < /p >.

< p > 29 India S-6 cotton ginning factory was stable in its delivery price. The rupee reached a new high of six weeks on Saturday, a discount of 90.90 cents / pound, a 0.2 cent discount on the US dollar, and rain in the early days of most cotton areas in India, and normal weather conditions in the Northern cotton region.

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"P" in Pakistan, the production of cotton will be reduced in this year, the purchase progress of the seed cotton is normal, the supply is still scarce, the demand of the ginning plant is larger and the quality of the new flowers is ideal.

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< p > according to statistics, Egypt exported 100 tons of long staple cotton in one week in July 23rd. The country has registered 69658 tons of long staple cotton and shipped 54063 tons this year, accounting for 78% of the total registered exports.

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< p > the temperature has increased sharply in Uzbekistan recently, and the cotton area has been encountering heat wave. The temperature is 48 degrees Celsius during the day, and the temperature is still up to 30 degrees Celsius at night.

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