Ministry Of Agriculture And Rural Areas: Supply And Demand Situation Of Cotton In August 2019

Cotton: this month, it is estimated that China's cotton consumption will be reduced to 8 million 250 thousand tons in 2018/19 and the import volume will be reduced to 2 million 50 thousand tons, considering the unfavorable situation of China's textile and clothing export and the low level of industry prosperity in recent months.

This month, it is predicted that China's cotton yield will be reduced to 1758 kg / HA in 2019/20 and the total output will be reduced to 5 million 800 thousand tons by the meteorological conditions such as high temperature and low rain in Xinjiang cotton area since July. Annual consumption, import volume and export volume are not adjusted, and the final inventory has changed to 6 million 840 thousand tons. Sino US economic and trade frictions affect the confidence of downstream industries and reduce the annual average price of cotton at home and abroad.