Recently, the world bank lowered its growth forecast for East Asia and the Pacific in 2022 by 0.4 percentage points to 5.0%. The Federal Reserve will start to shrink the table as soon as may.

In terms of cotton market, according to the data of the U.S. Department of agriculture, as of April 3, 2022, the sowing progress of American cotton was 4%, a year-on-year decrease of 2 percentage points;Due to the high international cotton price and the slowing down of cotton consumption, the US cotton loading volume remained high last week, and the contracted volume fell sharply, with a month on month increase of 36.3% and a month on month decrease of 71.2%, with a cumulative contracted export of 2.445 million tons.

According to the global production and demand forecast of the International Cotton Advisory Committee (ICAC) in April, the global cotton output in 2021 / 22 was 26.43 million tons, an increase of 1.23% month on month and 8.4% year-on-year; Cotton consumption was 26.16 million tons, a month on month increase of 1.87% and a year-on-year increase of 1.9%. The ending inventory consumption ratio was 67%, a month on month decrease of 0.84 percentage points and a year-on-year increase of 1.09 percentage points. Textile exports in Southeast Asia showed signs of marginal weakness. Indian factories could not afford high priced raw materials, resulting in poor order receiving. Pakistani textile enterprises were facing production reduction or conversion.

In the short term, the conflict between Russia and Ukraine has experienced repeated twists and turns, the economic growth has further slowed down, and the international cotton price is facing adjustment pressure after rising sharply.