Thursday, April 18, 2013

the fact also proved this

American medium report Chinese need to help to push cotton price to soar

predict that China will increase cotton import because of the market, the cotton forward price rises into 11 Gao Dian whom month comes.

American Department of Agriculture raised the estimate to consume the quantity to Chinese cotton last week, anticipating this year's amount of consumption of China to the cotton would attain 36,000,000 packs.This predicts a value to compare an increase 1.4% before month.Department of Agriculture returns to import Chinese cotton the estimate value of quantity to raise 7.1%.Reuter's reports to say, till April Chinese government may increase cotton import quota.

Nai especially the deluxe expert sand Lun in market of futures company?John is lousy to say in a report:"As for the parlance of increment cotton in China import quota still is continuing."

2:30 p.m., the inter-continental futures trading post in New York expects cotton price to soar 1.8% in May to each 92.5 beautiful cent.In early time, the price that expects cotton in May once attained each 93.93 beautiful cent, is March 30, 2012 of apogee.This week, the cotton's price has already soared 6.5%, the rise is 5 months to it most.

this year the cotton price have already soared 23%, is mark high prosperous merchandise stock on hand of Pu index number the rise is the biggest in the middle of 24 kinds of original materials.

American Department of Agriculture called yesterday and ended on March 7 of a week in, soared because of the needs of Turkey, Indonesia and China, American the highland cotton export than increased 25% a week ago.

John Be lousy to say, the market expects that American cotton export would keep sturdy, the fact also proved this, this causes cotton price's soaring.

the United States is world's biggest cotton export country.A pack of cotton weighs 480 pounds, equal to 218,000 grams.

whole country cotton committee in the United States meant last month and turned but planted the profits higher farm crop along with the farmers, the United States planted this year of the cotton may descend 27%.

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