Cotton Price falling does not help the export

The contton export deal droped by 21.7% in the 110^th Canton Trade Show comparing to the former one, although the contton price falt 40%, according to the Qingdao Municipal Bureau of Commerce.
The major reason for the decreasing contton export deal is the weakening foreign demand for the cotton,the number of buyer in the trade show is 60160, 3% lower than the former one; The major market for Qingdao contton export are Euro and US, according the current economic situation in this region, so the trade show’s buyers are majorly return customer, new customers were rarely paticipating, and the over supply causes contton price competiton badlly, which all rises the buyers attention when they make decision for the purchases.
The raw material price droped significantly, which also brings the contton price down by 40%; But, the buyers were all putting offers with really low price in the trade show, together with China currency appriciating, labor cost rising, and the high stock cost, so the both buyer and supplier can hardly make the deal.
Meanwhile, other developing countries also take the share of the market,such as India,Vietnam, buyers from developed countries are looking for the new suppliers form these countries instand China’s supplier.