Global "Hot Climate" To Promote Cotton Prices Continue To Rise

The main reason is the reduction of global supply, the expansion of demand, and natural disasters.

Cotton producers in major Asian countries and the Middle East cut off the supply of global cotton, and cotton prices rose to the highest level in 15 years, despite the growing demand for cotton products.

First, there are severe frost and bad weather in China, and China is the largest in the world.

Meanwhile, India, the world's second largest cotton producer, has been restricted by floods and bad weather.

In addition, another big producer, Pakistan, suffered devastating floods, causing serious damage to cotton in Pakistan.

As global competition led to price declines, cotton production in the United States also declined year after year.

The demand for cotton fabrics in the middle class of China and other developing countries has been expanding, and cotton has suddenly become a hot selling commodity.

Cotton prices have risen by more than US $1 / pound over the past 40-50 cents / pound over the years.

Most American cotton exports to China are exported to the United States in the form of garments, sheets and bath towels.