In first half year, under the shadow of European and American economical crisis, the world economy went down a lot. The textile and garment export business suffered a lot. Meanwhile, the speed of China economy falls down, production cost increases, cotton price changes, which all cause textile business slow down, no profit, no competitive advance anymore.
However, because of the rainy season delayed and less rain, Indian cotton plant area turns up dry, which influence the cotton output, also decrease their export potence. Furthermore, Indian 2012/2013 cotton planting area is expecting to decrease 200,000 hectare, so their cotton export will reduce about 10-15%.
Later, the probability of EI NINO will be much bigger, it will affect USA, INDIA, CHINA and some other main cotton planting countries. Cotton output will suffer severe challenge.
In China, last period, some main cotton planting areas suffered hail, flood, and drought disaster, which influence the cotton growth, even it rains some recently, it is meaningless to cotton growth anymore. In this period, cotton is in key growing period, the weather condition will push cotton prices by influencing its output. At the same time, government storage is near, so cotton price is hopefully going up.
GREIGE FABRIC
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