Ginned Cotton Prices

By CnAgri2012-09-26 13:48:44 Print

Recently, cotton comprehensive price in China continued to climb in fluctuations. Because the rise in domestic price was higher than the fall in international price, domestic price moved up; international price went down due to the decline in Chinese market, thus leading to further spread between international price and domestic price.

Government can add export processing volume to lower the effect on domestic textile enterprises caused by the price spread. Meanwhile it is good for the development of cotton industry to have domestic cotton of high price of meet the demand of domestic market.

The difference between international price and domestic price was at the highest level so far, so was the price spread ratio. Domestic futures price was higher than spot price, and the difference was still enlarging.

From "China Food Additives Market Monthly Report"