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

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

In March, driven by the drop in commodity prices, domestic and foreign cotton prices showed a correction trend. The operating rate of textile enterprises remained at a high level, and market purchases and sales were smooth. Enterprises took advantage of the decline in cotton prices to replenish stock. Raw material inventories rose slightly, commercial stock continued to decline, Xinjiang cotton transportation increased, and Xinjiang stock fell sharply. On March 31, the central reserve cotton rotation ended. Because the price difference between internal and external cotton has not met the conditions, the reserve cotton rotation has not been started. According to the results of the third cotton planting intention survey conducted by the CCA in 2021, the national cotton planting intention area was 43.675 million mu, a year-on-year decrease of 4.99%, and the rate of decrease was 4.4 percentage points higher than the previous period.

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