Recent Cotton Market Trend In India Cotton Market

According to the latest report of India Cotton Advisory Committee (CAB), cotton production in India increased to 35 million 700 thousand packs in 2011-12 years, compared with the previous assessment of 34 million 700 thousand packages.

Global cotton prices are mainly affected by China, the United States and India.

The India monsoon has resumed this month, which is conducive to the growth of cotton in India, the world's second largest cotton producer, and the exporting countries.

Cotton traders expect cotton to enter the market in mid October and prices will fall, so cotton prices are expected to remain weak.

China is no longer considering increasing import and replenishment of cotton stocks. China's cotton is expected to enter the market soon and will put pressure on global and domestic cotton prices.

According to the Reuters survey, the average cotton output in October 1st was estimated at 34 million bales (170 kg / pack), a decrease of 3.7% compared with the previous year's record high of 35 million 300 thousand packs.

According to the latest report of the Cotton Advisory Committee (CAB), cotton production in the 2011-12 year was increased by only 35 million 700 thousand packages, compared with a previous estimate of 34 million 700 thousand bales.

Global cotton prices are mainly affected by China, the United States and India.

The United States Department of agriculture predicts that in 2012-13, the cotton planting area in the United States is about 12 million 640 thousand acres, compared with 14 million 740 thousand acres last year.

4 million 800 thousand bags (480 pounds / pack) at the end of 2012-13.

The output is 17 million bales, and the export is 12 million 100 thousand packs.

China's cotton output in 2012 was about 6 million 970 thousand packs, down 4.2% from last year.

China's cotton imports increased 48% to 205000 tons in August.

India cotton can not fall below 34000 rupees / Candy

Due to the expected arrival of new cotton

As a result, the price of cotton in Gujarat in India fell by 300-500 rupees / candy (356 kg) on Friday.

According to the broker's report, the buyer is also waiting for the new cotton with good quality.

"We expect more new cotton to enter the market by mid October," said a broker living in rajold.

Buyers also want to wait for quality cotton.

But the price will not fall below 34000 rupees.

The trading price of grade a S-6 cotton in Gujarat is 34800-35200 rupees / Candy (candy), and the B class cotton trade price is 34400-34700 rupees / Candy.

The price of V797 cotton is 27500-28300 rupees, and the number of goods arriving in Gujarat is about 3000 bags (170 bags per pack), of which 1200 are new cotton.

In Maharashtra, the low micron value a cotton is quoted at 34300-34800 rupees / Candy, and the high horse's value a cotton (29 + MM) is quoted at 34800-35400 rupees / Candy.

On Thursday, the southern India plant purchased about 14000 bales of cotton from Gujarat.

On Friday, cotton trading prices in northern India fell, demand was limited and new cotton arrived.

Punjab J-34 RG quoted a price of 3650-3690 rupees / KT, the price of 3630-3650 in Ruiyan state, and 3570-3580 rupees in Rajasthan.

The ginning factory is expected to start in October.

The daily arrival quantity will reach 5000 bales.