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    Wet Weather Causes Damage To Cotton In Gujarat, India

    2010/11/16 11:40:00 48

    Cotton In GujaratIndia

      

    Nearly two days

    India

    There are unfavorable rainfall in Gujarat, and the cotton area mainly produces Shankar-6.

    At present, the weather has not yet cleared up. Wet weather may cause some cotton damage.

    The central part of the state, Ande Laban, Maharashtra and Tamil Nadu are partly cloudy with rain.


    Affected by the international cotton market, India

    cotton

    The price has dropped. Shankar-6's latest delivery price is 46000-46300 rupees /candy, down about 600 rupees compared with the previous day, and the discount rate is 131.6 cents / pound, or 170 points.


    According to news reports, India's Ministry of Agriculture recently hinted that it might increase cotton on the basis of the previous 935 thousand tons.

    Export volume

    But Dayanidhi Maran, Minister of textile industry, said that the supply of cotton in China was insufficient and that exports should not be increased.


    The government of India has received several comments from several textile associations and industries, demanding that the performance date of the cotton export contracts be postponed to January 2011. They say that the export volume is very alarming according to the monthly export quota, and 1.5% of the export incentive policies should be abolished.


    A minister in India pointed out that the government has implemented the cotton security policy for the year 2010-11 cotton, including the following measures:


    1) the cotton export contract has been registered since October 1, 2010.


    2) actual exports began in November 1, 2010.


    3) determine the export of 5 million 500 thousand packages of excess cotton.


    4) in addition to registration of excess cotton available for export, no export contracts are registered.

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