China Imported Cotton From India Last Year, Accounting For 30.15% Of The Total.
The India government issued a ban on Monday.
Cotton export
It includes export orders that have been registered in their government.
With the promotion of the news, Zheng cotton's contract was red on the 5 day, and the main 1209 contract closed to 22000 yuan / ton.
But then the ban was opposed by the Ministry of agriculture of India, and the price again returned to 21600 yuan / ton.
India will revisit the ban on cotton exports this Friday. Despite repeated India export ban, the impact on cotton prices is only temporary.
Since 1999, China has been importing cotton sporadically from India. The proportion of total cotton imports in China is not high, only 0.74%.
However, since 2003, the proportion of cotton imports from India has gradually increased.
As of 2011, China's cotton imports from India accounted for 30.15% of the total cotton imports in China.
At present in China
Cotton import market
The proportion of the US and India accounts for 1/3, and the remaining 1/3 market is divided by Australia, Brazil, Uzbekistan and some other small countries.
Looking at the expected volume of exports in India this year, according to the latest report of the US Department of agriculture in February, India expects to export 1 million 360 thousand tons of cotton this year.
Up to now, the amount of cotton exported has been about 800 thousand tons.
That is to say, India's policy of export restriction has reduced the volume of global cotton trade by 560 thousand tons.
This year, the output of the world's cotton is 26 million 855 thousand tons, and its consumption is only 23 million 887 thousand tons. That is to say, the supply of global cotton is extremely abundant this year.
According to the prediction by the US Department of agriculture, China's cotton output is 7 million 294 thousand tons, 9 million 580 thousand tons of consumption and 3 million 701 thousand tons of imports this year.
But in 2011, the implementation of State purchasing and storage policy created a shortage of cotton supply as a whole.
It is reported that as of March 8th, 2011 countries
cotton
The total amount of storage and storage reached 2 million 767 thousand and 310 tons.
Now India also restricts exports, reducing the import of cotton in China. China's cotton is in a tight supply situation.
- Related reading
India Prohibits Exporting Cotton: It Is Not Expected To Cause Big Fluctuations In Cotton Prices This Year.
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