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

Cotton: cotton export volume in 2018/19 is estimated to be 50 thousand tons this month, an increase of 10 thousand tons from last month's estimate. The total domestic consumption of cotton is 8 million 240 thousand tons, down 10 thousand tons from last month's estimated value. Other estimates this month coincide with last month.

This month, cotton picking is coming to an end in 2019/20. As of the end of October, the national cotton picking rate has exceeded 85%, and the picking and selling progress is higher than last year. Affected by the fall in pre cotton prices and the downturn in consumption, the progress of lint processing and sales fell behind last year. Cotton production is forecast to be 5 million 800 thousand tons this month, unchanged from last month's forecast. In October, the climate suitability of cotton in China was lower than that of last year and nearly 5 years, or had adverse effects on cotton production in the new year. However, the cotton sale has not been completed this year, and the extent of its impact still needs to be observed. The cotton export volume in the new year has been adjusted to 60 thousand tons, an increase of 20 thousand tons from last month, and cotton consumption accordingly reduced by 20 thousand tons to 8 million 30 thousand tons. The sale price of seed cotton fell year by year in 2019/20, which is in line with expectations, and cotton price forecast remains unchanged.