prediction: the end of 2011 half of the global cotton prices will fall

According to the Washington-based International Cotton Advisory Committee, said the high prices will encourage cotton farmers to improve the global cotton acreage next season, the end of 2011 world cotton prices may fall by half. 2011-2012 the average price of cotton could be close to a dollar per pound.

    March 28, the U.S. Intercontinental Exchange May delivery price of cotton futures limit down, to close at $ 1.9443 per pound. In the past 6 months, cotton futures prices rose nearly doubled since China and Pakistan, two major cotton producing countries cut bad weather, and demand increased. March 7, ICE futures market price of cotton rose to $ 2.197 / lb, setting a record.

    U.S. Department of Agriculture estimated world cotton production in the year 2011/2012 reached a record 127.5 million package. 2011-2012 U.S. cotton acreage to increase by 20%.
ipad battery pack, iPhone spare battery, iphone battery charger
    In addition, according to Bloomberg survey of analysts, analysts expect 2011 will be a substantial increase in U.S. cotton acreage farmers, as cotton prices rose, setting a record.

    Analysts expect U.S. cotton acreage in 2011 will reach 13.136 million acres, compared with last year's 10.97 million acres increased by 20%.
Spot prices continued to fall almost no turnover. Shandong Weiqiao Textile again today lowered its purchase price of lint cotton is 500 yuan, 329 down to 28,500 yuan / ton, 429 down to 28,000 yuan / ton. Cotton initiative for business customers, some manufacturers and some manufacturers to ship as soon as possible in order to achieve the purpose, in addition to lower prices in addition to full implementation of home delivery services and batch settlement. Cotton prices in China today means (CCIndex328) 30335 yuan / ton, down 121 yuan, 527 cotton, the average price of 27,306 yuan to the factory / ton, down 169 yuan.
    Domestic spot prices of cotton remained low. Wang downstream procurement, lower grade of cotton is difficult to sell. According to the textile, fabric manufacturers, a general increase in labor costs this year, following the limited capacity of high-priced raw materials, the recent return of funds business will be based, will not blindly purchase, the domestic three lint quoted at 29,000 yuan Procurement / tons. Yarn market turnover has gone up, but marginally, lower prices of cotton yarn. Many enterprises believe that the risk is gradually increasing storage of cotton, will sell strong.