India Cotton Advisory Committee May Reduce Output Forecast

The India Cotton Advisory Board (CAB) is likely to cut 2011-12 (October -9) cotton production to 3400-3450 packages, lower than the previous estimate of 35 million 200 thousand packages.

Mainly because of the unusual rainfall in India, especially the main ones.

Bong Gujarat Bong, the number of cotton delivered to the market has decreased.

The India Cotton Advisory Committee will meet this week to discuss production forecasts.

According to sources, it is estimated that 2012-13 production estimates will not exceed 3200-3250 million packages, based on a reduction of 10% to 11 million ha on this year's planting area.

The rainfall in Gujarat is insufficient.

So far, the total export volume of India is about 13 million bales.

However, due to the rise in domestic prices, imports of cotton have also started in India in June -7, so far, the number of imports contracted is about 100-120 bales.

India's Ministry of agriculture estimated that the total output of cotton in the past 2011-12 years was 35 million 200 thousand bales, which was estimated by unofficial industries, and the output was 34 million 700 thousand packs.

In order to better manage the supply of cotton in the local market,

Department requirements management

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It is very likely that the new year of cotton will take an open general permit starting in October.

The Ministry of Commerce has included cotton in the scope of open general license management in 2011.

2011 ends at the end of September 2012.

Until recently, India was still a big exporter of cotton.

India's annual cotton harvest is at 35 million 200 thousand bales, and its domestic consumption is only 26 million packs.

At present, there is almost no inventory in the domestic market for domestic industry, which is a special case.