Analysis Of Supply And Demand Situation In Global Cotton Market: New Cotton Coming Into The Market Gradually

Us: new cotton harvest prospects in Texas.

Because of the drought in late summer, the drought in cotton fields has been alleviated. Cotton production in the hills and highlands of Texas this year is cautiously optimistic. The overall situation is better than expected, higher than the historical long-term average. New cotton harvest started a few weeks ago.

It is understood that in July this year, the plateau was hot and dry.

It is not optimistic about production expectations, but now the situation has improved a lot.

Last year, the problem of leaf litter was more prominent, but the new year cotton had processed 4000 packets. The inspection showed that the grade of leaf litter was at grade 2-3, and the purity of new cotton was very high.

Field research conducted by agricultural experts in Texas showed that due to the timely rainfall, the yield per unit of dry land could be about 25% higher than the normal level, especially in the hilly areas of the north, and rainfall also reduced irrigation inputs.

Australia: cotton production has soared in 2016/17.

Australian Cotton Corp said recently that due to adequate rainfall, Australia's cotton planting area will continue to expand, and Australia's cotton output in 2016/17 will nearly double over the same period last year, reaching more than 880 thousand tons, and its output value will exceed US $2 billion 200 million.

At present, the water level of various reservoirs in Australia has risen in all directions, and the price of cotton is quite good.

The only uncertainty is that many cotton farmers have abandoned their dry land for a long time because of the lack of water. Therefore, the planting area of the dry land is the biggest variable.

Pakistan:

Increase in yield per unit area.

The latest report of the US agricultural counsellor said that cotton production in Pakistan was 1 million 796 thousand tonnes in 2016/17, an increase of 54 thousand tons compared with the previous forecast, an increase of 18% over the same period last year.

Cotton prices rose steadily after July, and cotton growers increased their efforts to control pests. Cotton production per unit area was expected to reach 38.5 kg / mu, up 36% over the same period last year.

Uzbekistan: Cotton Conference will sign the export list again.

On the 12-13 day of October, the annual Uzbekistan cotton and Textile Conference was held in Tashkent, capital of Uzbekistan. People from the cotton textile industry from 40 countries and regions attended the conference.

The highlight of this meeting is the formal launch of Uzbekistan holding company and the signing of the cotton export contract.

This year, 550 thousand tons of cotton export contracts and 1 billion 322 million US dollars of textile export contracts were signed, and the global cotton textile trade was once again a great success.

West Africa: cotton production rebounded.

according to

It is predicted that in 2015/16, seed yield of the Ivory Coast will be reduced from 450 thousand tons to 310 thousand tons under adverse weather conditions.

Ivory Coast seed cotton production in 2016/17 is expected to reach 360 thousand tons, an increase of 16% over the same period last year.

The goal of the Ivory Coast government is to raise seed cotton output to 600 thousand tons by 2020.

India: we must stop exporting cotton to Pakistan.

India's cotton exports to Pakistan amounted to US $782 million in 2015/16, but this year is no longer possible.

As India's most favored nation treatment to Pakistan is likely to end, India cotton exporters will turn to other regions.

According to sources in India, Pakistan still has a supply gap of 340 thousand tons in 2016/17, which needs to be purchased from India. But now the relationship between the two countries is deteriorating, and it is difficult for India cotton to continue exporting to Pakistan.

Pakistan will be forced to import high priced cotton.

A cotton exporter in India said that the export market of India cotton was very large. At present, it has decided to stop exports to Pakistan and hope that all relations between the two countries will be severed.

Moreover, India cotton merchants have decided not to take part in the ICAC plenary meeting held in Pakistan on 4 October 30th this year. -11