Trend Of International Cotton Broadcasting

　 On the 11 day, the euro rebounded strongly against the US dollar, and agricultural products varied. However, the ICE cotton was not affected by the periphery. In the expected good USDA report, ICE cotton was closed at the limit.

On the spot side, the market is affected by the India policy, while the new cotton price is higher. Goods in stock Quotations have risen, but the leaders have not responded positively.

11, Portugal refused to seek international aid, the euro rebounded sharply, while the Fed was optimistic about the outlook for the US economy, and the US and European stock markets both rose. London's metals and crude oil have gone up, and agricultural products have been mixed. and ICE cotton The USDA report, which is expected to benefit, has soared and three contracts have been closed recently. The expected positive factors include: first, the worsening flood in Australia; secondly, it is expected that China will reduce production. Thirdly, a large proportion of newly approved cotton exports in India can not be exported to China. China will have to buy cotton and other cotton. However, it is rumoured that the index fund is still in the warehouse, so cotton futures are cautiously rising.

On the 11 day, the CotlookA index was 172.25 cents / pound, up 300 points. In January 11th, FCIndexS reported 177.95 cents / pound, up 250 points; FCIndexM reported 174.17 cents / pound, up 241 points; FCIndexL reported 168.53 cents / pound, up 235 points. Due to the sharp rise in the new period, spot quotes have been rising, and at the same time, they are somewhat related to India's policy. But neighboring countries have little interest in India cotton because recent demand has been met.

India foreign trade The bureau started issuing the certification of cotton export approval 11 days ago, and the applicant should submit the application registration before January 24th.

In recent days, Queensland has once again welcomed heavy rainfall and intensified flooding.

Brazil's Ministry of agriculture's latest forecast shows that cotton production in Brazil will reach a record high of 1 million 835 thousand tons this year, up or over 50% over the same period.