In March 2022, the inflation kept going up, and the conflict between Rusia and Ukraine worsened the inflation. The stock market was down and the futures market was up. All these brought pressure to the global economy.
The international cotton price rebounded after plummeting. Till March 25, the settlement price of ICE cotton futures was usd $135.9 cents/pound, which increased by 10.71% compared with the price at the beggining of March. This increase was the highest within one month since 2010.
Compared with the overseas cotton price, the chinese cotton price in March didn't change much.
The Consumption of Cotton in Global Market in 2022
The clothing consumption in the market of USA shows increasing. But this is contrary to european market. And the clothing orders in South East Asia recovers soon. While the chinese market is gloomy and the exportation also faces pressure.