Us: Cotton Prices Rise, Factories Slowly Return To Work

On the 17-23 th of April 2020, the average price of the seven standard market spots in the United States was 49.75 cents / pound, up 2.2 cents / pound from the previous week, down 22.74 cents / pound compared with the same period last year. In the week, seven spot markets in the US traded 18459 packages, and the total turnover was 1426206 packs this year.

The spot prices in various parts of the United States have increased. Cotton farmers in southeastern and Central South America continue to consider the intention of spring sowing. Foreign enquiries in the Texas area are light. In western desert areas and San covenant districts, foreign enquiries are light, Pima cotton prices are stable and foreign enquiries are light.

In the week, the price of enquiry in the domestic textile mills was very low. Because of the outbreak of the textile factories closing or reducing production, the overall procurement of the textile mills was very cautious. A few factories started again in early May, and other factories slowly resumed operations according to the order situation. The main products are masks, protective clothing and medical products. US cotton exports are light or general, and Far East has an inquiry for all kinds of low price varieties.

During the week, there were scattered thunderstorms in the southeastern United States cotton fields, some areas were normally prepared for farming, a few areas began to sow, and there were intermittent rainfall in the delta area. Low temperature and rainy weather affected outdoor operations. Only a few areas continued to sow. There were sporadic drizzle in the southern part of Texas, new cotton growth was not wrong, and the surrounding areas continued to prepare for farming. New cotton grows well in the region. The planting area has expanded. The area of some areas has increased year by year. The area of the San Yue Jin area has been reduced by 20-30%. The main reason is the less water supply and the poor demand. The Pima cotton area is sunny and warm, and the early sowing cotton has sprout, and the C/A area is expected to decrease.