China’s cotton harvest and procurement peaked in October, with large-scale machine picking in Xinjiang and processing beginning earlier than usual. Seed-cotton prices rose early in the month but declined as new-crop arrivals increased, futures weakened and textile orders remained subdued; average procurement prices were still 17.5% higher year over year.
Faster harvest arrivals and weak downstream textile demand are putting downward pressure on seed-cotton prices. However, higher year-over-year prices and processing costs may limit the decline in lint supply offers.
Not enough comparable past events yet for a historical read.
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