India's Recovery Of Cotton Exports To Global Cotton Prices Is Affected

Pakistan experts said Monday that after India resumed cotton exports in May 15, 2012, the world Cotton price It may fall by 4%, and the top of domestic cotton exporters is covered by dark clouds.

They added that India Cotton export It may create pressure on the four largest cotton producing countries in the world. In addition, the international market is oversupplied. In the coming cotton year, most cotton producing countries have gained a good harvest of cotton, including Pakistan. As of April 21, 2012, cotton production reached a record high of 14 million 860 thousand bags. In the SAF, the experts said that cotton consumption in the global cotton mill is expected to increase by 4.5% to 24 million 800 thousand bales in the 2012-13 years ending March 31, 2012.

India trade minister Anand Sharma said Monday that India will allow new export registration after its resumption of exports.

Pakistan is also leading. cotton One of the importing countries, Pakistan imported about 1500000 bales of cotton from India in order to meet the domestic demand for blending. China is India's largest cotton consumer and the world's largest cotton buyer, but China has hoarded huge cotton stocks.

As a commodity, cotton experienced a difficult period in 2011, and the price of 2012 could decline by an average of 4.5%. At present, the average price of high-quality cotton in Pakistan is about 6000 rupees / mender, and the price of low grade cotton is 4000 rupees / Mendelian. According to the International Cotton Advisory Committee, the world's cotton output is again larger than consumption in the 2012-13 year, resulting in a 11% increase to 14 million 500 thousand tons of global cotton stocks in 2012-13 years. This is equivalent to 62% of the global textile mill usage, creating the largest inventory to consumption ratio since the late 1990s.

By the end of 2011-12, China's rebuilt national cotton reserves may account for 1/4 of global cotton stocks.

Between May 2011 and March 2012, Pakistan imported more than 1 million cotton bags from the United States, India and Brazil for the purpose of mixed use.

In the last week of April 2012, US cotton futures also fell 0.90 cents to 91.23 cents a pound. India's Ministry of Commerce banned cotton exports last month after a record high of export sales and worries about domestic cotton supply.

By the end of September, India had exported 11 million 500 thousand bales of cotton in its current sales year, a record high. India cotton sells at a price of 83 cents -89 cents according to its quality.