Domestic and overseas cotton price spreads

Dr. Li Xiaoyue, a well-known agricultural product expert, stated that China is a big textile country, but the current demand of the Chinese textile industry is not very strong. After 2000, the price of cotton has had a price of over 6,000 yuan, and there have been more than 30,000 yuan in 2011. The price is basically at 19,000 yuan/ton. Due to the price difference of 4,000 yuan to 5,000 yuan between domestic and foreign cotton prices, how cotton textile companies do risk management and effective use of "periods of cash transfer" and other means are imperative, and the overall trend of cotton prices is mainly determined The factors will still depend on the important factor of 'State Reserve Cotton', such as no adverse weather, and the overall or relatively oscillatory pattern.

Recently, the U.S. Department of Agriculture for the first time forecasted the world cotton situation in the new year. World cotton production in 2013/14 is expected to decrease by about 3% from 2012/13, and world cotton consumption in 2013/14 is expected to increase by 2% from the current year. Cotton consumption will be lower than cotton output for four consecutive years. In this regard, the First Cotton and Cotton Corporation of Shijiazhuang City Supply and Marketing Cooperative Co., Ltd. and the United States Fort Stone Group Corporation held a cotton situation outlook forum at the Century Hotel in Hebei Province. More than a dozen cotton enterprises and ** sales departments in the province are interested in how the cotton enterprises The exchange of risks was effectively avoided and the outlook for the future cotton situation was exchanged.