India Is Jealous Of Its Neighbouring Reserves To Stop Cotton Exports.

In the past cotton year, China's total imports of cotton reached 3 million 240 thousand tons, and the total domestic cotton storage and storage reached 3 million 130 thousand tons. cotton Prices may be in a favorable position in the situation of further rise. Seeing this, another cotton producing country, India, is increasingly worried about the use of high cotton in the late domestic textile industry. Since March, it has been trying to block cotton exports and will follow China's establishment of a cotton reserve system in order to keep cheap cotton at home.

At present, the scale of cotton imports in China last year is quite large, with a total import of 3 million 240 thousand tons. According to the latest statistics of the General Administration of customs, from September 2011 to March 2012, China imported 3 million 241 thousand and 400 tons of cotton, an increase of 1 million 504 thousand and 700 tons, an increase of 86.64%. In March 2012, China imported 625 thousand and 200 tons of cotton, an increase of 9 thousand and 100 tons from the previous month, an increase of 1.48%; an increase of 348 thousand and 800 tons, an increase of 126.2% over the same period last year; 1-3 months in 2012, China's total import of cotton 1 million 567 thousand and 800 tons, an increase of 715 thousand and 900 tons, an increase of 715 thousand and 900.

At the same time of accelerating imports, the total storage and storage capacity of the government has reached over 3 million tons. Statistics show that as of the last trading day of March 31, 2012, a total turnover of 3 million 130 thousand and 320 tons, of which Xinjiang autonomous region (including Corps) total turnover of 1 million 709 thousand and 400 tons, the mainland total turnover of 1 million 420 thousand and 920 tons.

"The rich resources of the Chinese government and the large volume of imported cotton will help stabilize domestic cotton. market Once global cotton prices go up again, domestic prices will have the opportunity to become price depression and promote the competitiveness of the textile industry. " Green futures R & D director Li Yongmin said.

According to the latest data from the General Administration of customs, in March 2012, China exported about 18 billion 790 million US dollars of textiles and clothing, accounting for 11.34% of the total merchandise exports in March, an increase of 13.4% over the same period last year. The decline in the first two months of the year ended by 93.47%.

It is precisely seen that China has accumulated a large amount of cotton resources, and India is also beginning to worry that the latter may hit its domestic textile industry. Since March, India has repeatedly introduced measures to block domestic cotton exports, and will follow China's own cotton reserve system in order to stabilize the domestic cotton market.

Sharma, Minister of Commerce and industry of India, said on the 9 day that more cotton exports would not be allowed at present, but the cotton that had been put on record by the government and verified once again could be delivered. "No further filing will be accepted until further instructions are issued."

India's cotton exports reached a record high of 9 million 500 thousand bales (170 kg per pack), far higher than the estimated 8 million packages. India immediately suspended the new cotton exports, but then gave up the decision to ban exports altogether, saying it would assess 2 million 500 thousand cotton bags that had been filed but not yet shipped. At the time of the export ban, about 1 million packages of cleared but not delivered cotton were also allowed to be shipped. "Cotton is still being censorship and verified before being exported for export. Qualified cotton will be allowed (exported). Sharma asked about 2 million 500 thousand bales of cotton.

In addition, India's state-owned Cotton Corp will also intervene in its domestic market for cotton acquisitions. In India, 2012/2013 acquired 2 million 500 thousand packs (425 thousand tons) before being listed as reserves. Coupled with the current cotton export control measures, the India government's internal and external policies have been put in place to stabilize the domestic cotton market and meet the domestic cotton enterprises' demand for cotton.

Because India and China are the two largest cotton producing countries in the world, the two countries are Cotton policy It has affected the global cotton trade and price this year. The International Cotton Advisory Committee said in a recent statement: "this year, global cotton trade and prices are largely influenced by the policies of the Chinese government and to a lesser extent affected by the policies of India." Although India's ban on cotton exports has limited impact on international cotton prices in March. However, a long-term ban on cotton exports may have a greater upward impact on world cotton prices.