Global Cotton Production Is Up &Nbsp; China'S Import Demand Has Weakened.

In September 12th, the US Department of agriculture (USDA) released the forecast for global cotton production and storage this year.

U.S.A Supply quantity The double reduction of export volume led to an increase in final inventory. At the beginning of the year, the inventory dropped by 54 thousand tons, and the output was not adjusted due to the increase and decrease in planting area and production per unit area; the amount of cotton used in factories did not change; the export volume was reduced from 65 thousand tons to 2 million 613 thousand tons, mainly due to the decrease in supply and import volume in China; and the stock at the end of the period increased by 22 thousand tons to 740 thousand tons.

Forecasts for global production and sales are only small. adjustment 。 Output increased by 54 thousand tons, of which China's output increased by 218 thousand tons, completely offset the reduction in production in Pakistan, Turkmenistan and Uzbekistan, and consumption increased by 9 thousand tons. Trade The quantity was reduced slightly; the final inventory was 11 million 302 thousand tons, up 18% from the beginning inventory, which was 163 thousand tons lower than that of the previous month.