Global cotton prices basically stable rainfall attention - India Textile information - Textile net - Textile integrated service provider

Last week, 22 - July 28) Global cotton prices basically remained stable. Is expected with the new annual global cotton production increased dramatically, India, Pakistan, China's cotton prices will fall sharply. It is reported that last week in December on the ICE futures contracts at 68 cents/lb. On Chinese market, according to unconfirmed rumors that China plans to add about 41. National cotton reserves of 40000 tons in supply, the negative influence, zheng cotton futures fell sharply. In India, there is heavy rain last week, gujarat and rajasthan, cotton growth severely affected, in some parts of cotton quality or damaged, the following may worry about the flood cause pests. According to the latest official data, India India cotton acreage in 2017 year-on-year growth for 25. 2%, in a normal weather conditions and under the condition of no serious pest effects, New Year India's cotton output is expected to soar. Pakistan, cotton prices over the past few weeks with the continuing decline of substantial public expectations of the crop, but since last week, Pakistan cotton price pressure stabilizing.