China increased the carry-over of cotton, more weak market

China’s cotton carried over the increasing market demand for more weakness to weakness in cotton prices from the highs of early spring pull down. The deadline for September 11, A index in April peak of nearly 20 percent loss. The global economic situation will not, as previously expected as soon be restored. Today, macroeconomic forecasts show that in 2009 the United States and the global GDP growth will slow. Affected by this, cotton consumption has been stopped, shrinking demand for imports. In China, the more carry-over, more weakness in the market, picking cotton in 2008, reduced import demand. Decline in global demand, coupled with the relative prices of goods decreased competition, the market slowed by the recent tension in the cotton supply worries. However, the end of 2008/09 global inventories will continue to decline sharply.