Global Cotton Supply Is Tight, Textile Prices May Rise

< p > this year's monsoon season is in good condition. India's cotton production is increased and domestic supply is increased. Cotton is an important production input of < a href= "//www.sjfzxm.com/news/index_c.asp" > weaving industry < /a >.

India expects to produce 35 million 800 thousand bales of cotton in 2013-14 years, an increase of 5.7% over the 2013-14 years.

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< p > however, consumption of domestic a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > may increase by only 3.6% to 29 million 800 thousand bags.

The excess cotton available for export is 6 million bales.

India weighs 170 kilograms of cotton per packet.

However, the weight of the cotton in the global market is about 218 kilograms.

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< p > global prices have been rising.

In the US Intercontinental Exchange, cotton prices rose 24.4% to 93.4 cents / pound (about 46343 rupees /candy) in August 16th.

Even if the price falls to 84.5 cents / pound (about 41927 rupees / candy), it also indicates that global prices will start to strengthen in the medium term.

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< p > this is because, contrary to the situation in India, the main producing countries such as China are in bad weather, and the global cotton production is expected to decline.

The US Department of Agriculture estimates that 2013-14 of the world's natural fiber production is 116 million 380 thousand packs, down 3.9% from last year.

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< p > on the other hand, global cotton demand growth.

The US Department of agriculture predicts that in the 2013-13 years (from August 1st), global cotton consumption increased by 2.2% to 109 million 800 thousand bales.

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< p > this may lead to a tight global cotton supply situation. If the government allows, this will provide a good opportunity for India cotton farmers to make money.

Cotton prices have dropped significantly from 2.15 cents / pound (106678 rupees / candy) in April 2011.

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< p > however, the low demand in China may restrict the cotton market.

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< p > cotton is the most important "a href=" //www.sjfzxm.com/news/index_c.asp "> textile fiber < /a >, accounting for about 35% of all textile fibers used in the world.

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