Cotton Prices In Northern India Rose By &Nbsp; 15 To 20 To N. B. (Rupee) (8.02).
Monday,
India
Cotton prices in the northern markets rose by 15-20 rupees / maund.
Dealers say quality
cotton
The exhaustion of inventory and the long sale of cotton at a high price are good for the market.
Bhatinda market at any time delivery cotton price 3150-3240 rupee / maund, the Sirsa market price of 3120-3190 rupees, Rajasthan (Rajasthan) market price 2970-3150 rupee / maund.
In Punjab Province, October
delivery
The price of cotton is 3010 rupees / maund, and the price of cotton is 2990 rupee / maund in November.
In October, the price of cotton delivered in October was 2970 rupees and 2955 rupees / maund in the island.
Supplement:
The Ministry of textiles of India supports raising tariffs on cotton exports and restraining cotton prices.
On Wednesday, India textile minister Mullen (Dayanidhi Maran) said that if the total ban on cotton exports was ruled out, the Ministry of textiles would ask the Ministry of finance to raise tariffs on cotton exports, with the current tariff of 2500 rupees / ton.
Mullen said that the purpose is not to prohibit exports, but to make some regulations and standards for exports.
Cotton prices rose 20-25% in the past year.
The current cotton inventory is 3 million 400 thousand packs, equivalent to about 45 days of cotton demand in the textile industry, and new cotton will enter the market in September.
Even though the eurozone crisis remains a matter of concern, the government still expects textile exports to grow by 30% in the current fiscal year.
After consultation with the industry, the Ministry of textile industry formulated this year's export target of US $25 billion, up from 19 billion US dollars in 2009-10 years.
As part of the future agenda, in addition to diversifying products and expanding the market through new domestic centres and major global markets, the Ministry of textiles will also create a system for modernization and integration of the power loom industry.
The government will speed up the evacuation of existing textile clusters, promote the construction of infrastructure in rural hinterland, and use the advantages of rural human resources to evacuate existing clusters.
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