This year's cotton planting area is expected to decline by more than 10% over the previous year
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Last Update: 2008-11-03
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Source: Internet
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Author: User
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Introduction: Beijing, May 16 - the Ministry of Agriculture announced on May 16 that the work of cotton planting has been carried out in an all-round way It is estimated that the area of cotton planting in China this year is down by more than 10% over the previous year The Ministry of agriculture predicts that there is still a gap in cotton production and demand between 2004 and 2005, which needs to be made up by imports and inventories The ending inventory is slightly lower than that of the previous year It is expected that the gap between cotton production and demand will further expand In 2005, the domestic cotton price entered the rising orbit As of April 25, the weekly average price of domestic 328 grade cotton sales rose to 12557 yuan / ton, 11.5% higher than the beginning of the year, and 28.1% lower than the previous year The price of cotton in the international market has recovered, and the increase rate is slightly higher than the domestic price.
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