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Cotton Growth Is Limited.

2011/3/1 14:57:00 83

According to the 2010 Statistical Bulletin released by the National Bureau of statistics, last year, China's cotton planting area was 4 million 850 thousand hectares, a decrease of 100 thousand hectares, and the annual output of cotton was 5 million 970 thousand tons, which was 6.3% lower than that of last year.

cotton

The planting area and yield decreased continuously for third years.

Related experts said that the continuous reduction of planting area has already appeared at the price level, but the increase in cotton prices will enhance farmers' enthusiasm for planting cotton, and the planting area of cotton is expected to increase this year.

"Larger

Supply gap

The rise in cotton prices has led to a strong market expectation of cotton prices, which eventually led to soaring cotton prices.

Wang Qianjin, chief analyst of China's first textile network, said.

According to the Ministry of Commerce monitoring data, China's cotton prices began to rise rapidly in September last year, and the cotton price in early September was 15 thousand yuan / ton, at present it is 32 thousand yuan / ton, and the price has more than doubled.

"The market has already digested the expected rise in this round, and higher cotton prices will stimulate farmers' enthusiasm for planting cotton. It is estimated that the planting rate and output of cotton will increase significantly this year, which will stabilize supply and demand contradiction, and cotton prices will not continue upward pressure in the future."

Wang Qianjin believes that the increase in cotton prices has reached an extreme value and there is little room for further upward movement.

The planting period of cotton is 3-4 months per year.

Cotton production

In September of this year, the supply gap will be complemented by the cotton harvest.