Cotton Traders In India Are Selling Cotton With Global Demand.

2010/10/22 14:14:00 47

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India

cotton

Ben

market

Starting in October 1st, India's cotton industry is waiting for cotton to enter the market in the coming weeks.

In the first week of this year, the number of domestic market arrivals was very small, which was about 5% less than that of last year.

However, there is great hope for the cotton supply this year, because this year's rainy season is abundant and cotton is growing well.

Data from India's state-run Cotton Corp show that on October 1st -16,

cotton

The total quantity of the goods arrived at 725000 packages, 170 kilos per pack, which is about 5% less than that of 760000 packages in the same period last year.

An official of the Cotton Corp said that the number of arrivals was basically the same as that of last year, and that the number of shipments in the coming weeks is expected to increase.

But prices can not be reduced because cotton traders will purchase most of the cotton source for export.

The India government began accepting export applications in October 1st, and India companies submitted applications. Within 10 days, the number of applications reached 5 million 500 thousand packages a year.

India cotton merchants see strong cotton demand in China and Pakistan and strong global demand. They are trying to seize the golden opportunity to sell cotton.