there is strong expectation on the market about lower Xinjiang cotton production in 2023/24 season

Due to the low temperature, rainy and snowy weather in Xinjiang, there is strong expectation on the market about lower Xinjiang cotton production in 2023/24 season. ZCE cotton futures market is firm, and price spread between Chinese and international cotton narrows, giving space to imported cotton gradually. Then how is the weather condition in Xinjiang?

In terms of the most important influencing factor on cotton production, the temperature was obviously low in early and mid-Apr, and in late Apr, temperature declined further. The temperature was slow to warm up this year. Currently, it is still the early planting period, and growers can take measures to re-plant the crops.