China Increases Cotton Imports And US Exports To China

< p > Global 2012 ~2013 a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > production, consumption and inventory only slightly adjusted, but China's cotton production and imports increased to increase inventory.

Among them, the increase in output in China and Kazakhstan was basically offset by the reduction in production in Pakistan and Turkey.

China's cotton import volume has increased by 1 million 500 thousand packs to 14 million packages, thereby boosting Global trade volume to the same extent.

< /p >

< p > the United States Department of Agriculture recently announced the latest "a href=" //www.sjfzxm.com/news/ "less than /a" monthly supply and demand report, and lowered the US cotton stocks.

The US cotton forecast in 2012 ~2013 includes export volume increase and stock reduction, while output and domestic processing demand have not been adjusted.

Exports rose slightly to 12 million 500 thousand packs, mainly to increase exports to China.

Forecast year-end inventory of 4 million 500 thousand packages, a decrease of 300 thousand packages from last month, and 28% of inventory / consumption.

The average annual price of cotton is predicted to be 69~73 cents / pound, the lower limit is raised by 3 cents, and the ceiling is increased by 2 cents, reflecting the sharp rise in prices in December last year.

< /p >

< p > by the United States Department of agriculture (USDA) released in February 22nd, the soybean export sales report showed that, as of February 14th, the annual net sales of land cotton in the US 2012/13 market was 171600 packs, down 8% from last week, up 10% over the 4 week average.

In the United States, a href= "//www.sjfzxm.com/news/" > cotton exports < /a > 389900 packs, up 9% from last week, up 12% over the 4 week average.

< /p >

< p > the adjustment of cotton supply and demand in 2012/2013 in the United States has led to an increase of 300 thousand packages in inventory.

This month, US cotton production is forecast to increase by 178 thousand packs to 17 million 300 thousand bales.

Processing demand in the US has not been adjusted, but China's import reduction has led to a decline in US cotton exports.

The average price forecast for 2012/2013 is 62 - 74 cents / pound, and the upper limit is 4 cents lower.

The price forecast is 88.3 cents / pound.

< /p >

< p > production sharply increased and consumption cut led to a 2 million 600 thousand increase in cotton inventory at the end of.

India, China, Brazil, Pakistan and the United States showed the largest increase in output.

China has cut its consumption by 2 million packs, protecting high prices and continuing to curb China's consumption.

But the increase in demand in India, Turkey, Pakistan, Indonesia, Taiwan and Vietnam offset the loss of China's 3/4 consumption.

The volume of Global trade has dropped slightly, of which China's imports have dropped by 1 million.

Global inventory has been raised to 79 million 100 thousand packages, of which China has 37 million bags.

< /p >