Ministry Of Agriculture And Rural Areas: Analysis Of Cotton Supply And Demand Situation In December 2020

Cotton picking will be basically completed in 2020 / 21. According to China Cotton network monitoring, by the end of November, the national new cotton sales progress was 95.2%, higher than the same period last year, processing and sales progress smoothly. This month's forecast shows that cotton production, import and export and consumption in 2020 / 21 will remain unchanged as predicted last month, and the final inventory will still be 7.16 million tons. As the domestic economy continued to stabilize and improve, the textile industry maintained a warming trend, and the cotton price fluctuated upward in the forecast range of 13000-15000 yuan per ton. Internationally, cotton production in the United States and Pakistan has declined. However, considering that global cotton stocks remain high, vaccine delivery has entered a critical period, and the economic situation is still uncertain, the international cotton price remains in the forecast range of 65-80 cents per pound.