Imported cotton prices rise this year, China's cotton prices are expected to stabilize and rise
He is optimistic about the scientific development of cotton prices at the end of this year, and this view is not a personal assumption. In the "report on the Development of China's Agricultural Industry" released by Mei Xurong, vice president of the Chinese Academy of Agricultural Sciences, it was pointed out that due to the impact of Sino-US trade, cotton import prices rose by 7.53% respectively.
The rise in the price of imported cotton will also directly lead to a reduction in the number of imported cotton in China, so it can be inferred that the price of cotton in China will have a good price this year.
The United States is the main importer of cotton in China, so the trade problem between China and the United States has a great impact on China. In 2017, the United States imported as much as 506000 tons of cotton, accounting for 44 per cent of the total. As an important means of countering the United States, in mid-June, China's Ministry of Industry and Commerce announced a 25% tariff on agricultural products of American origin. This will promote the rise of cotton prices in China!
As the cotton price in China is stable in recent years, the cotton planting area has not fluctuated too much. for example, the cotton planting area in China is mainly concentrated in Xinjiang, and the yield is slightly higher than that in the mainland. According to the report of China's "National planting structure Adjustment Plan (2016-2020)", the cotton area in China is stable at 50 million mu! The stability of the total acreage also helps cotton prices not rise like garlic and fluctuate for one year and three years.
At present, the leather price in China is basically stable at about 15 yuan, and the only variable factor is the specific impact on the US trade problem, which will directly determine the fluctuation range of cotton price after this autumn.
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