According to the latest data from the United States, cotton prices, supply and demand are expected to be comparable to those in October. However, due to the European debt crisis and doubts about the secondary economic downturn, uncertain cotton future purchases will be caused.
In response to the 2011/12 cotton season that began on August 1, the U.S. Department of Agriculture has reduced its forecast for the US cotton crop by 2% to 16.3 million bales. The higher cotton production in mainland China, India and Pakistan will make global production forecast at 123.9 million bales.
In terms of global cotton consumption, the reduction in demand from Mexico and Thailand may reduce global consumption by 102,000 bales, from 114.4 million bales to 114.3 million bales, and global quarter-end stocks are estimated at 54.8 million bales. Estimated at 36.5 million packages.
Cotton Incorporated pointed out in its monthly economic report that the current situation in Europe may lead to economic recession in the euro zone, dragging down the demand for future cotton, and also the stagnation of US economic growth and uncertainties in the economic activity in the mainland of China. Both have an impact.
Affected by global cotton demand weakness and cotton production surplus of 96 million bales, the cotton price does not appear to have risen. Other factors affecting prices include the establishment of a national cotton stockpile in China and the conversion of other higher value crops. Corn and soybeans.
In response to the 2011/12 cotton season that began on August 1, the U.S. Department of Agriculture has reduced its forecast for the US cotton crop by 2% to 16.3 million bales. The higher cotton production in mainland China, India and Pakistan will make global production forecast at 123.9 million bales.
In terms of global cotton consumption, the reduction in demand from Mexico and Thailand may reduce global consumption by 102,000 bales, from 114.4 million bales to 114.3 million bales, and global quarter-end stocks are estimated at 54.8 million bales. Estimated at 36.5 million packages.
Cotton Incorporated pointed out in its monthly economic report that the current situation in Europe may lead to economic recession in the euro zone, dragging down the demand for future cotton, and also the stagnation of US economic growth and uncertainties in the economic activity in the mainland of China. Both have an impact.
Affected by global cotton demand weakness and cotton production surplus of 96 million bales, the cotton price does not appear to have risen. Other factors affecting prices include the establishment of a national cotton stockpile in China and the conversion of other higher value crops. Corn and soybeans.
Furniture Leather,Pu Leather,Furniture Pvc Leather
enghua Jade Motor Co., Ltd. , http://www.nspuleather.com