India Has Quadrupled The Export Of China'S Cotton Yarn In The First Nine Months, And Turkmenistan Has Harvested About 1000000 Tons Of Raw Cotton.

India's quadruple export of cotton yarn to China in the first nine months

Because China will focus on value-added products exports, aimed at reducing

Therefore, India's cotton yarn has increased two times to China's exports in the first 9 months of the fiscal year.

according to

According to the data compiled by the Ministry, India's overall cotton yarn exports surged to 222052 tons in January 2012 -9, compared with 77688 tons in the same period last year.

However, India's export of cotton yarn to China is still behind Pakistan this year.

In the first 9 months of this fiscal year, Pakistan exported 391556 tons of cotton yarn to China, compared with 202310 tons in the same period last year.

China pays more attention to the import of cotton yarn, aiming at reducing labor costs.

Meanwhile, according to the India Cotton Advisory Committee, India's cotton exports are expected to drop to 7 million bales in the next 2012-13 years, as compared with last year's export of 12 million 800 thousand packs.

Due to insufficient demand in China, India's cotton exports to China decreased by about 65% this year.

Meanwhile, the export of cotton yarn to China is expected to continue to grow, because the price of cotton in China is almost 20 cents higher than the international market price.

Besides, wages in China are increasing.

Therefore, China now reduces its spinning capacity and focuses on value-added products.

China not only imports cotton yarn from India, but also imports cotton yarn from Indonesia and Pakistan.

The Cotton Advisory Committee set the target of 920 million kilograms for cotton export in the current fiscal year.

In the last fiscal year, India exported 827 million 680 thousand kilograms of cotton yarn.

India's Foreign Trade Bureau reported that India exported 461 million 520 thousand kilograms of cotton yarn as of September this year.

Turkmenistan has harvested about 1000000 tons of raw cotton.

Although the cotton harvest campaign is still in progress, up to now, about 1000000 tons of raw cotton have arrived at Turkmenistan's purchasing center, Turkmenistan's Ministry of Agriculture said.

Last year, Turkmenistan harvested about 1 million 100 thousand tons of raw cotton. This year, Turkmenistan intends to harvest 1 million 109 thousand tons of cotton from 500 thousand hectares of cotton fields, Turkmenistan's agriculture ministry said.

Favorable weather conditions during the farming season helped cotton farmers in Turkmenistan achieve good cotton harvest.

In Turkmenistan, cotton passes national daily necessities and raw materials.

Timely payment is made to cotton growers through various branches of the Daykhan Bank of the national commercial bank.

Turkmenistan

Traditionally, it has been exported to Russia, Korea, China, Turkey, Britain, Indonesia, Ukraine, Iran, Singapore and the Baltic States.