In recent days, serious locust disasters have occurred again in India and Pakistan, which has attracted close attention from all parties in the cotton market. As early as February this year, the Food and Agriculture Organization of the United Nations announced that locusts had invaded East Africa, Iran, Pakistan, India and other Southwest Asian countries and regions. As a result, Zheng cotton reached its daily limit on February 17. Then, as the locust plague was briefly controlled, and cotton planting in Southeast Asian countries had not yet begun, the impact of the locust plague on the cotton market was immediately subsided. Now, the Indian media announced that the local area is experiencing the worst locust plague in the past 30 years. As soon as the relevant news came out, the cotton market’s circle of friends quickly flooded the circle. Many investors were already well prepared for this. As the news of the locust plague continues to ferment, Zheng cotton rose sharply as soon as the market opened today, which is enough to show the impact of the locust plague on the cotton market. Will the cotton price rise as expected in the following days?
At the beginning of this year, locust plagues mainly occurred in Rajasthan, Gujarat and other places in India, and led to large-scale crop production losses. Or no harvest. At present, locust plagues have occurred again in Rajasthan, Gujarat, Madhya Pradesh and other regions. Judging from the flight characteristics of locusts, some northern states in India will also be attacked by locust plagues. Currently, 80% of cotton has been sown in the northern region. In Rajasthan, locusts have destroyed crops in 500,000 hectares, and some farmers are facing the dilemma of crop failure. Cotton planting time in India is mainly concentrated from May to July, and cotton farmers mainly arrange cotton planting according to the arrival time of the monsoon. Therefore, some cotton farmers want to adjust the sowing time to cope with the locust plague, but there are certain restrictions. In addition, India’s cotton production accounts for nearly one-fifth of the world’s cotton production. If the locust plague cannot be controlled in time, it may have a major impact on India and even the world’s cotton production. Therefore, concerns about the spread of the locust plague are not groundless.
While the locust plague continues to spread, large-scale demonstrations have caused riots in many places in the United States, which has also been a hot topic in the market recently. Relevant experts said that the concentrated demonstrations in the United States may accelerate the spread of the epidemic and bring a new round of impact to the newly restarted U.S. economy. Many companies such as Apple have stated that they will temporarily close most stores in the United States. In today’s era of economic globalization, if the U.S. economy is hit again, it will inevitably have a certain impact on the economies of various countries and will add another layer of haze to the recovery of cotton consumption. Under the premise that the impact of the current locust plague is uncertain, the market may be disturbed by this news and may rise and fall. </p
