Ministry Of Agriculture: A Slight Reduction In Domestic Cotton Prices Or High Volatility

China Ministry of Agriculture The Rural Economic Research Center released the report on the implementation of China's rural policy in 2010, 18, the Ministry of Agriculture said in its report. Domestic The output of cotton in the world has declined continuously, and the demand for textile industry has been strong. Cotton price New heights. The purchase price of grade 3 cotton reached 5.7 yuan / kg in October, up 42.3% compared with the same period last year. The average monthly price of grade 328 cotton rose from 14932 yuan per ton in January to 24701 yuan per ton in October, up 80.9%. The Cotlook A index rose from 77.39 cents / pound in January to 127.48 cents / pound in October, up 90.8%, the highest since 2003. It is expected that the price of international cotton will drop somewhat in the late stage as new cotton comes into the market.

The Ministry of agriculture predicts that the cotton area will continue to decline in 2010, and the total cotton planting area will be 76 million 851 thousand mu, 47 thousand and 900 Mu less than last year, and a reduction of 0.06%. total output Estimate Flat reduction 。 Imports increased significantly. In the 1-3 quarter of 2010, the total import of cotton was 2 million 152 thousand and 500 tons, an increase of 99.7% over the same period last year.

According to the latest survey of the national cotton market monitoring system in 19 days, the cotton planting area of this year is 75 million 682 thousand mu, which is 1.1% lower than that of last year. The output per unit area is 84 kg / mu, 4.4%, the total output is 6 million 360 thousand tons, and the reduction is 5.5%.