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International Cotton Prices Will Change After Cotton Harvest In The Northern Hemisphere.

2011/3/28 10:39:00 48

international

Cotton price

At a high price of more than 200 cents per pound, we should pay close attention to the planting area announced by the US Department of agriculture, which is expected to affect the price of the third season harvest.

International cotton prices have been banned in India since last year.

Exit

All the way up, coupled with the international hot money desperately speculation, the surge, with the substitution effect of polyester filament, nylon yarn and so on.

According to New York cotton March 25th (NY COTTON)

futures

The closing price showed that in May cotton fell 204.49 cents per pound, down 4.33 cents, the highest in the session reached 211.16 cents; in July cotton 197.11 cents, down 3.38 cents; in October cotton fell to 154.51 cents, up 0.76 cents; December only 127.92 cents, up 0.11 cents.

Although international cotton prices continue to rise, the United States Department of agriculture will announce in the near future.

Cotton planting

Area and estimated yield are noteworthy.

The US cotton is expected to harvest from September to November in the third quarter, and the harvest time in China is almost the same. Therefore, the cotton price will change after the cotton harvest in the northern hemisphere. As for the cotton production in Brazil, Argentina and Chile in the southern hemisphere, it is not enough. It is estimated that March and June are still tight.

Industry sources say the United States

currency

Under the relaxed policy (QE2), a large number of funds poured into the international market, causing inflation and raw material prices to rise. After the Japanese earthquake, the Japanese government will also pour a lot of money needed for the reconstruction, but whether these funds focus on rebuilding their homes or entering the international raw material Market again deserve further concern.