The impact of the locust plague in India on cotton is shown in the latest USDA monthly report. The cotton production on the entire African continent is estimated to be about 1.44 million tons, accounting for only 5.5% of the global total. Therefore, the locust plague raging in Africa will not It will have a greater impact on the global cotton supply and demand pattern.

It is worth being vigilant that the impact of the locust plague on other crops will cause local supply and demand imbalances in the global agricultural supply in 2020, resulting in a butterfly effect. Once the locust plague is not effectively controlled, it may trigger a decline in agricultural product prices in the international market. The occurrence of large fluctuations, in this context, will make funds more optimistic about cotton varieties and their bullish sentiment will rise.