A New Round Of Positive Incentives To Guard Against Falling Cotton Prices

In recent days, a serious locusts disaster has emerged in India and Pakistan, causing the cotton market parties to pay close attention to it. As early as February this year, the FAO announced that locusts had invaded East Asia, Iran, Pakistan, India and other southwest Asian countries and regions. In February 17th, Zheng cotton appeared to be trading. Then with the locust disaster being briefly controlled, and the cotton planting in Southeast Asian countries was not yet started, the locust disaster's impact on the cotton market immediately subsided. Today, the India media is experiencing the worst locust plague in the past 30 years. As soon as the news comes out, they quickly swipe the circle of friends in Cotton City, and many investors have already prepared for this. With the continuous fermentation of locust plague news, Zheng cotton rose rapidly at the beginning of today's opening, enough to show the impact of the locust plague on the cotton market.

At the beginning of this year, locusts mainly occurred in Rajasthan, Gujarat and other places in India, and resulted in a large crop reduction or harvest. At present, locust plagues occur again in Rajasthan, Gujarat Bong, central and other regions. According to the flying characteristics of locust, some locust in northern India will also be attacked by locusts. At present, 80% cotton has been sown in the northern region. In Rajasthan, locusts have destroyed 500 thousand hectares of crops, and some farmers are facing difficulties in grain harvest. The cotton planting time in India is mainly concentrated from May to July, and cotton growers mainly arrange the cotton planting according to the arrival time of the monsoon. Therefore, some cotton farmers want to adjust the planting time to cope with the locust disaster. In addition, India's cotton output accounts for nearly 1/5 of the world's cotton output. If the locust disaster can not be controlled in time, it will have an important impact on India and even global cotton production. Therefore, the market is worried that the spread of locust plague is not groundless.

As the locust disaster continues to spread, the United States has caused widespread riots because of large-scale demonstrations, and is also a hot spot in the market recently. Relevant experts said that the United States concentrated demonstrations or accelerated the spread of its epidemic, bringing a new round of impact to the US economy that just started. Apple and many other enterprises have said that most of the stores in the United States are temporarily closed. In today's economic globalization, if the US economy is hit again, it will surely bring about some impact on the economy of all countries, and will add to the haze of cotton consumption recovery. Under the precondition of the uncertain influence of locust plague, the market is disturbed by the news, and it is expected to go down.