According to angel goods issued a report for cotton trade may bullish, because the yarn demand is good, the ICAC forecast global production decreases. The minimum support price is higher also provide support for cotton prices. However, Indian planting area is expanding, crackdown on cotton prices may be high.

The ICAC downgraded its 2013/14 crop years global production and final inventory forecast, yesterday, ICE period cotton rebound, closed up 1.9%. China textile demand is expected to maintain its strong. According to the United States department of agriculture acreage report, American cotton acreage estimate is reduced by 17% in 2012, but higher than forecast in March 2013.

ICE futures U.S. certification inventory 600000 package, high in three years. On July 9, however, when the contracts expire in recent months, nearly one 5 of the stocks are expected to deliveries in recent months. So big enough to reduce the number of delivery exchange 20% or more of the inventory, into the 2013/14 crop year supply will be nervous.

In west Texas rainfall last week raised the prospect of cotton, Texas, is America's largest ChanMian states, to cotton put downward pressure on prices.

A U.S. crops, according to a report released this week by the crop growing still lags behind, the increase of the strain of the future of the American cotton supply concerned.

Good afternoon, due to demand, ICAC cut global production forecast, therefore, the cotton trade may look good. A higher minimum support prices also provide support for cotton prices. Planting area is expanding, but India is likely to put pressure on higher prices.

The source "China textile network"

Editor: reed