Chen Meimian's Brazil Cotton Occupies The Mainstream.

Recently, the international spot market is not good enough, and the actual transactions are still fragmentary, basically with the use and purchase. The problem of contract execution is still hard to solve, especially in China and South Asia.

Brazil cotton and the United States cotton occupy the mainstream, Brazil cotton instead of the United States cotton and Australia cotton, won the Chinese market, the current offer is very low. Apart from traditional markets such as Bangladesh and Vietnam, West African cotton prices are high in other markets, and the base of Australia cotton is still far higher than other varieties, and buyers are limited to large, sticky customers.

In July, the export volume of Australia cotton was 247 thousand bales, and the total export volume was 972 thousand bales in 3-7 months. In July, Australia cotton exported 163 thousand bales to China, exported 23 thousand and 500 packs to Malaysia, exported 19 thousand packets to Indonesia, and exported 15 thousand packets to India. In 3-7 months, Australia cotton exported 654 thousand packs to China, accounting for 67%, Vietnam accounted for 9%, Indonesia accounted for 7% and Bangladesh accounted for 5%.