Dezhou: Global Cotton Prices Rise To Encourage Cotton Production
U.S.A
Ministry of Agriculture
It is predicted that the area of cotton fields harvested in Dezhou this year will increase from 3 million 500 thousand mu a year to 5 million 400 thousand mu, which will account for half of the total area of cotton fields in the United States this year and 10 million 800 thousand in the United States. It is far ahead of all the states in the United States, and the cotton fields in the sub Georgia state are only 1/4 of Dezhou.
Because many emerging market countries such as mainland China,
India
And so on, the demand for cotton has increased sharply, and cotton prices have soared. Since mid October, prices have been refreshed repeatedly.
Cotton futures closed at $1.36 a pound on Wednesday (11/3), according to IntercontinentalExchange data.
No wonder Dezhou Beeville (southeast of San Antonio) sighed a farmer who sold cotton earlier this year, saying that the price difference would be as high as 300 thousand dollars if it was sold to the present.
Texas A & M Carl Anderson also said that the recent cotton market is quite rare, and it is difficult to meet once in a lifetime: production is abundant, market demand is large and the price is high.
The report points out that although the price of cotton is soaring, most cotton farmers have not fully gained the benefits.
Most farmers sold cotton to cotton farmers in advance for financial stability of their farms. It is estimated that the pre-sale volume accounts for about 80% of Dezhou's output.
Generally speaking, it is not a good idea to keep cotton until harvest, because the price is usually down.
For this year, if the quantity of cotton retained is large, the price may also drop.
As for this rare cotton market
Good scenery
It is hard to assert whether it will last for a long time, especially as the price of cotton has increased and more producers have joined the world.
It seems cotton farmers can seize the moment and expect the market to continue to grow.
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