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| The global price of cotton is basically stable and India's rainfall is attracting attention Add Time:2017.08.16 Hits:1471 |
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Global cotton prices remained largely stable last week (July 22-28). The price of cotton in India, Pakistan and China is expected to fall sharply as global cotton output rises sharply in the New Year. It is understood that last week, ICE futures contracts were held at 68 cents a pound. On the Chinese market, unconfirmed rumors that China plans to add about 414, 000 tons of the supply of cotton reserves are being driven by a sharp drop in the price of the stock. In India, there is heavy rain last week, gujarat and rajasthan, cotton growth severely affected, in some parts of cotton quality or damaged, the following may worry about the flood cause pests. According to the latest official data, India India cotton planting area increased by 25.2% year-on-year in 2017, in a normal weather conditions and under the condition of no serious pest effects, New Year India's cotton output is expected to soar. In Pakistan, cotton prices have stabilised over the past few weeks with the expectation of a large listing of new cotton, but the price of cotton has stabilised since last week. |
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