India Cotton Yarn Is Popular In India, China, And Cotton Volume Is Reduced By 33%.

India cotton yarn is popular, China CAB raises cotton yarn export target

According to India

According to the Ministry's statistics, the export volume of India's cotton yarn to China has reached 222 thousand tons in 1-9 months this year, an increase of 78 thousand tons compared with the same period last year.

However, India is still the second largest supplier of cotton yarn in China, and Pakistan continues to stay ahead.

Over the same period, Pakistan's total export volume to China's cotton yarn reached 392 thousand tons, up 202 thousand tons compared with the same period last year.

According to the relevant personage of India Cotton Corp, China's cotton yarn will continue to be popular in China in order to reduce labor costs and increase the import of cotton yarn, plus China's cotton price is nearly 20 cents higher than the international cotton price, plus artificial wages.

Obviously, the result of China's large-scale import of cotton yarn is to reduce the demand for cotton.

According to the forecast of India Cotton Advisory Committee (CAB), the export volume of India cotton will drop from 2 million 176 thousand tons in the previous year to 1 million 190 thousand tons this year.

According to past experience, 65% of India cotton will be exported to China, so the weakening of China's demand is the fundamental reason for the reduction of export volume of India cotton.

It is understood that in China

The import list is not only India cotton yarn, but also Pakistan cotton yarn and Indonesia cotton yarn.

However, India textile factory is very excited about China's huge appetite and will go all out to cope with the inflow of orders.

At present, the target of cotton yarn exported by CAB is 9 million 200 thousand kilograms this year, which is higher than the 8 million 276 thousand and 800 kilogram of India Foreign Trade Bureau of the previous year.

Cotton arrived in India reduced by 33%

India Cotton Corp said in October 30th that the number of cotton arriving in the world's second largest cotton producer in India this year (from October) decreased by 33%.

This family

In October 28th, the state procurement agency said in a statement that the number of shipments dropped to 869000 bales, 170 kilos a packet, less than 1 million 300 thousand packages a year earlier.