Dezhou Cotton Association: Affected By Rain, Cotton Production Is Reduced By About 20%.

In the middle and August, Shandong Province

According to customs statistics, in the first 7 months, Shandong Port imported 739 thousand tons of cotton, worth 1 billion 310 million US dollars, an increase of 65.1% and 1.3 times respectively compared with the same period last year.

The average monthly import price of cotton has gone all the way this year. Following the breakthrough of 1800 US dollars / ton mark in June, it rose to a record high of 1912 US dollars / ton in July, up 44.1% from the same period last year, and once again refreshed the highest level since January 2003.

According to Longkou customs related staff analysis, the main reason for the increase in cotton imports at Shandong port in the first 7 months is that the growth momentum of the textile industry is good and the domestic supply gap of cotton is expanding.

In the first half of the year, China's textile industry maintained a relatively fast growth rate, accumulatively spinning 12 million 700 thousand tons, an increase of 16.9% over the same period. Meanwhile, the export garments and accessories 53 billion 230 million dollars, an increase of 16% over the same period last year.

At the same time, because cotton production decreased by 14.6% last year, domestic cotton supply is tightening this year.

The imbalance between supply and demand of cotton in China has intensified, which has led to a significant increase in cotton imports.

In April, the world's second largest exporter of cotton in India suspended cotton export registration and further promoted the rapid rise of international cotton prices.

Along with the import price of cotton, the rising pressure of textile and clothing prices in the lower reaches is highlighting.

The customs recommends that the relevant enterprises should actively adjust the structure of textile and clothing products, enhance the added value of products and digest the cost pressure; increase the intensity of technological innovation, and introduce new equipment for energy conservation and consumption reduction, so as to reduce the production cost of textile enterprises.