"Quality Concerns" Exacerbate Sharp Decline In Cotton Stocks

"P" this year, the us a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > quality concerns exacerbated the sharp decline in New York's contract delivery cotton inventory, and reduced inventory provided support for the price, although the world's cotton supply is expected to increase.

< /p >

< p style= "text-align: center" > img align= "center" border= "0" alt= "src=" /uploadimages/201308/01/20130801021351_sj.JPG "/" < < >.

< p > data from the exchange operator show that on Monday, cotton stocks for ICE cotton delivery were reduced to 152457 packs, down to the lowest level in about 8 months.

< /p >

"This is the lowest level since February, which is much lower than the about 6000000000 package at the beginning of the month," said Kona Haque, an analyst at Macquarie, P.

< /p >

< p > she said: "the market is worried about the short supply of cotton." Keith Brown, the US cotton broker Keith Keith, supports her view. He warns that he is worried that cotton will be affected by buyer's behavior this year.

< /p >

< p > < strong > Texas 1/3 cotton was abandoned < /strong > < /p >.

< p > Mr. Brown said, "there are some qualms about cotton this year.

We see that < a href= "//www.sjfzxm.com/news/index_s.asp" > textile mill < /a > appears at the forefront of procurement to ensure the quality of cotton they need.

< /p >

< p > in Southeast cotton producing areas, too much rain has become a problem.

There is still water in low-lying areas. The rainfall in Texas, the largest cotton producing state in the United States, may come too late.

< /p >

< p > "some people think that 1/3 of Texas's cotton has been abandoned.

Although it has been raining a little, most of the non irrigated crops have been unable to return to the sky.

< /p >

Overnight data from the US Department of agriculture showed that Texas had a slight improvement in cotton and 32% was "good or excellent", compared to 26% last week, although the figure is still below 34% at the end of July 2012, and the US Department of agriculture's data are doubtful. P

< /p >

< p > < strong > price increase < /strong > < /p >

< p > cotton futures rose slightly from 0.3% to 85.09 cents per pound in New York cotton in October. The contract rose slightly this month, although the USDA agriculture raised domestic and world stock expectations in July 11th.

< /p >

< p > cotton futures rose 0.5% to 85.14 cents / pounds in December.

< /p >

< p > Ms. Haq also pointed out: "China's auction of" a href= "http://cailiao.sjfzxm.com/" cotton storage < /a "may encourage Chinese textile mills to turn to the United States for cotton.

This year, China's planting area has been reduced, and the largest cotton producing province has been hit by cold air and hail in Xinjiang. The yield per unit area has decreased, so this year China's own cotton harvest will be reduced.

< /p >