2011~2012 Cotton Exports In India May Soar By 21%

The US Department of agriculture predicts that the 2011-12 sales year (August - July), India cotton Export forecast Jumped 21% to 8 million packs due to high output and possible government. slow down Export restriction policy. In the 2010-11 year, India exported 6 million 600 thousand bales of cotton. The report said that in 2011-12, India's exports were expected to reach 8 million packages.

The report says 1 million 700 thousand bags per pack. As the annual output of India's 2011-12 market has reached a new high of 35 million packets, the export volume will increase, compared to last year's output of 33 million packs.

The United States Department of agriculture's report also pointed out that India is The second largest cotton producing country in the world India may slow down the export restrictions on cotton, which is aimed at preventing foreign production from rising, leading to a sharp fall in domestic prices, especially in China. The report said: "because of the uncertainty of export situation, some factors show that the cotton export restrictions in 2011-12 years may be weakened."

The US Department of agriculture explained that India Export restriction It may weaken to ensure that domestic cotton prices will not fall below the lowest supporting price, while avoiding the risk that India Cotton Corp must purchase large quantities of goods and thus risk losing their sales. In addition, the domestic yarn industry is unlikely to propose export restrictions because of its huge inventory. In 2010-11 years, cotton exports in India were limited to 5 million 500 thousand packages, and then increased to 6 million 500 thousand bales.

The report said that the number of cotton export restrictions was lifted in August 2011, and the government made several requests for registration certificates as a means of controlling exports.