India'S New Flower Pick Up Price Continues To Rise
India's new flower pick up price continues to rise, the market for the shipment Shankar-6 before the end of the year.
demand
Exuberant.
The Shankar-6 delivery price for December shipment was 31000 rupees /candy, up 250 rupees compared with the previous day; the new flower shipped in November was 500 rupees higher than the former; according to the exchange rate yesterday, the shipment of Shankar-6 was 85.35 cents / pound in December, and 86.75 cents / pound in November.
The J-34 delivery price for September was quoted at 3190 rupees /maund, up 50 rupees compared with the previous day; the discount rate was 83.65 cents / pound, up 1.3 cents / pound.
India cotton prices rose mainly due to this week
Pakistan
Textile mills actively purchase.
It is reported that India's new flower signed 200 thousand packs (34 thousand tons) this week, mainly Shankar-6, and the new flower has signed at least 1 million packages (170 thousand tons).
India officials have not made any statement on the cotton export policy of the new year (India cotton year since October 1st).
India media EconomicTimes said yesterday that the government will release cotton exports next year and does not contain export tariffs, but it still needs to register.
The export policy is expected to be announced at the September meeting of the India Cotton Advisory Committee (CAB).
CAB's new flower production and sales forecast will undoubtedly export.
policy
It plays a decisive role.
The government had previously indicated that it had to keep the final inventory at 5 million packets (850 thousand tons), but the latest forecast for 09/10 was 4 million 50 thousand packages (688 thousand and 500 tons) at the end of the year.
According to the latest prediction by Caunt Luke (Cotlook), India's output in was 32 million 500 thousand packs (5 million 525 thousand tons) and 26 million packages (4 million 420 thousand tons), so the potential export volume was 6 million packs (1 million 20 thousand tons).
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