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Cotton Arrived In India Increased By 8.2% To 13 Million 690 Thousand Packages.

2011/1/4 16:20:00 79

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India state owned Cotton Corp said that the volume of cotton arrived in India on October 1st -1 2, an increase of 8.2% to 13 million 690 thousand bales compared with the same period last year.

On January 3rd, the state-run Cotton Corp in India said on Monday that the volume of cotton arrived in India on October 1st -1 2, an increase of 8.2% from the same period last year, to about 13 million 690 thousand packs, and the main planting areas were drying up.

Gujarat Bong (Gujarat), Maharashtra.

Andhra Pradesh

(Andhra Pradesh), Panja F Bong (Punjab) and Harry Yann Bong (Haryana) are the main cotton producing countries in India.

According to the data released by the India Cotton Corp, cotton production reached 35.4% to 3 million 290 thousand bales in Maharashtra in the second largest production area.

In the southern Andhra Pradesh, the quantity of cotton arrived from 1 million 500 thousand packs to 2 million 210 thousand bales.

In the largest cotton producing area in the country -- Western Punjab, cotton to

Volume of cargo

Compared with the same period last year, it decreased by 5.3% to 4 million 260 thousand bales.

Data show that as of January 2nd, the average daily arrival volume of cotton in India increased to about 240000 bales (170 kg / pack), up to 250000 in December 26th.

Industry executives said increased volume would help traders buy cotton from the market and fulfill their export obligations.

From December 31st to January 6th, India has started issuing new cotton export permits, which paved the way for the resumption of exports of the world's second largest cotton exporters.

India allows exports of 5 million 500 thousand bales of cotton from November 1st, but traders are expected to export only half of their exports until the deadline for exports in December 15th.

The country will issue new permits to allow exporters to export quantities of cotton that they did not export before December 15th.

Demand for cotton in India has skyrocketed in the past few months.

yield

It is expected that a bumper harvest will be expected, and the main producing countries such as China and Pakistan will have a reduction in output.

At the beginning of December, A.B. Joshi, a textile department member, said that India's cotton production in the year of October 1st, which began in October 1st, could not be lower than that of the previous estimate, although the recent heavy rain in the main producing areas of the South has caused some crops to be destroyed.

The India government and industry will hold a meeting in January 6th to review the domestic cotton output in this market year.