Monthly Report: Cotton Price Callbacks, and Cotton Planting Intentions to Decline Expanded (Feb. 2021)

Monthly Report: Cotton Price Callbacks, and Cotton Planting Intentions to Decline Expanded (Feb. 2021)

In February, driven by factors such as improved domestic and foreign epidemic control and strong inflation expectations, the bulk commodity market continued to rise, and domestic and foreign cotton prices also repeatedly hit new annual highs. Affected by the Spring Festival holiday, textile companies’s operating rate and production declined in the month, and demand for raw materials decreased, but the overall purchase and sale of the textile market was smooth. The amount of new cotton processed into the market has decreased, consumption has continued to increase, and the national cotton commercial stock has continued to decline. According to the results of the second cotton planting intention survey conducted by the CCA in 2021, the country’s cotton planting intentions were 45.697 million mu, a year-on-year decrease of 0.59%, and the rate of decrease was 1.58% lower than the previous period.

China Cotton Supply and Demand Balance Sheet (Mar. 2021)      Million tons