Cotton Output Is High In 2011.

2011/1/7 14:32:00 76

Even in 2011

Cotton yield

High expectations are high, but cotton prices will continue to fluctuate, because only 10% of world trade volume (estimated 8 million 300 thousand tons) is available for procurement this year.

The International Cotton Advisory Committee predicts that

fibre

Circulation will gradually improve, as the world output will increase by 9% in the next 2011-12 years, reaching a record of 27 million 300 thousand tons.

Australia and Brazil are the two main export countries. Because of the high cotton prices, the output of these two countries increased significantly. Last month, cotton prices in New York hit a record high of 159.12 cents / pound.

However, these cotton production will not enter the trading market until April. Therefore, buyers will compete for 830000 tons of cotton that has not yet been signed in 2010-11, and there will be 7 months in 2010-11 years.

Sales mode follows the supply cycle more frequently, the northern hemisphere.

Pick

Only now did cotton begin to enter the market.

The world's second largest cotton exporter, India, has restricted the export of cotton, exacerbating the tension in the supply of cotton. India's cotton export is restricted to 1 million tons and has been exported.

However, in the largest cotton exporter countries, about 90% of the estimated export cotton has been signed, and the Central Asian region, including the world's third largest cotton exporter, Uzbekistan, has exported about 1 million tons, or 85% of the expected export volume.

"The extremely short supply of cotton that is not signed may increase the pressure on prices and lead to price increases. The price fluctuation will increase in the rest of the year," ICAC said. The average price forecast for the 2010-11 year Cotlook A index increased from 95 cents to 101 cents / pound.

Another main reason for the tight supply is the devastating floods in Queensland and Pakistan and the destruction of a large number of crops.