India'S Cotton Stocks Will Enter The Market At Subsidized Prices.
The federal cabinet of India decided to hold a large number of Cotton Corp in India in accordance with subsidized prices. Cotton inventory On the market, the India spinning factory will cheer for this. India cotton The company is the largest acquisition unit of new cotton, and the lowest price of cotton this year increased by 25 to 40 percent.
The reason why the cabinet of the India government made this decision is because India cotton The company has huge stock and the purchase price is much higher than the prevailing international market price. The Maharashtra federal cotton growers' sales alliance proposes to sell cotton to buyers with a large discount at discounted prices.
Include India textile industry Industry organizations such as the alliance have long requested the India Cotton Corp to follow international competition The price puts stocks into the India market. The India Cotton Corp expects to sell cotton at subsidized prices after receiving government notification.
The cabinet has approved a budget of 5 billion rupees to compensate for losses caused by the sale of cotton by Cotton Corp in India. India's Cotton Corp bought cotton at the lowest price, when the international price was lower than the lowest cotton support price in India.
India cotton So far, the company has acquired 6 million 700 thousand packs of cotton produced this year (1 bags =170 kg).
Editor: vivi
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