India Will Establish Export Quota For Cotton

India says it is recovering. cotton Before exporting, the government will establish cotton after deciding domestic demand and output. Exit Quota.

　　 India In September 1st, the Ministry of Commerce convened officials from the Ministry of agriculture, Ministry of Commerce and textile department to discuss the issue of cotton exports.

India has decided to cancel cotton export restrictions starting in October 1st.

The Ministry of Commerce asked the Ministry of textiles and the Ministry of agriculture to submit cotton demand and output data separately. Export of cotton is only allowed out of demand.

Cotton production in India is expected to increase slightly to 5 million 100 thousand tons in the 2010-11 year, compared with 5 million 10 thousand tons last year. Domestic demand is expected to reach 4 million 590 thousand tons.

Supplement:

If the planting area is reduced, does it mean that the output of cotton will also drop? The reporter has made an on-the-spot investigation with the delegation that the cotton growth in the main cotton producing area of Hebei Province is good, and the output is increasing or decreasing.

According to the investigation, the cotton production in the high yield demonstration plot of the town in Fugou, Henan province is good. At present, the average height of the cotton plant is 1-1.2 m, and the average number of peaches is 34. The number of peaches reached 28-30 in the same period last year. The planting density in this area is 1800 to 2000 per mu. So far, there are no major pests and diseases in Fugou area. If the weather continues to be good in the future, the goal of producing 200 kg of lint per mu is expected to be realized, which is equivalent to 512 Jin of seed cotton.

The growth of cotton in Heze is also generally better than in previous years. Insiders say that if the latter weather is good, the yield per unit area is expected to be higher than in previous years. The chief of the local agriculture bureau said, "this is mainly because the adverse effects of the weather on cotton this year are less than that of previous years, and the pests and diseases are also lighter."

"Because garlic and cotton intercropping make soil fertility better, Jinxiang county last year per mu yield 96 kilograms per mu, if the weather is coordinated, it is expected to exceed 100 kilograms in 2010." Shi Weiman, director of Agriculture Bureau of Jinxiang County, Jining, Shandong, told reporters.

Because cotton has entered a critical period of growth, recent weather has become an important factor affecting cotton production. Chen Shuan, an analyst, said: "if the temperature is normal or high, sunshine is enough, it will help cotton crack and boll opening. Low temperature and rainy weather will lead to poor cotton bolting, low boll weight, and yield and quality."

Wang Yong, an analyst with Hongyuan futures, said: "no matter what the cotton production in the world is from 2010/11 or from this survey, we can not despise the impact of climate on cotton production. In the next 40 days, the weather conditions of the main cotton producing areas in China will have a significant impact on the cotton futures market.

Back to the futures market, the price of zhengmian 1101 main contract price has been climbing all the way, and yesterday it was up to 17460 yuan / ton yesterday, hitting a new high in the past two and a half years. Dong Shuzhi, director of Jinshi Futures Research Institute, told reporters that the price of cotton futures is now upside down, and spot prices are higher than futures prices. Cotton prices in the future will still have room for improvement.

Liu Qing, an analyst at new lake futures, told reporters that the price of cotton in the future will be maintained for a short time. It is reported that the output and planting area of the United States have increased over the previous years. The output of the United States is expected to increase by about 52% over the past year, and the area will increase by 20%. India's output is expected to grow by about 10% this year. Cotton production may drop by 30-40% in Pakistan. China's annual demand is about 10 million tons, and imports of 2 million 382 thousand tons in 09 years. It is expected to import 2 million 722 thousand tons this year. The total output of the world is 3 million 200 thousand tons higher than that of last year, but overall supply is still in short supply, and the gap is about 870 thousand tons.

Liu Qing said: "a large number of global cotton market is expected in 9-12 months of this year, when cotton is listed in large quantities, cotton prices may fall back, but in the latter part of the year, the gap is expected to rebound."