섬유

Outlook for Cotton Prices.

  • 출판일2000.09
  • 저자
  • 서지사항
  • 등록일 2016.11.02
  • 조회수 230
Cotton prices have fallen for four consecutive seasons and are now as low s they were in 1985-1986. The average Cotlook A Index declined 38 percent between 1994-1995 and 1998-1999. Cotton prices will not increase over the next two years due to weak demand, changes in cotton policy in the People's Republic of China, and government subsidies that maintain production levels. World cotton production should amount to 19.1 million tons in 1999-2000 and 18.7 million tons in 2000-2001. Economic growth and reduced cotton production should decrease world cotton stocks by 2000-2001. The Asian economic crisis was the major cause for the zero growth in textile demand in 1998 and the subsequent drop in cotton prices.
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