India Government Acquired 38% Cotton In January To Ease Cotton Farmers' Difficulties

< p > the India government expects to acquire 38% new cotton in January, because the cotton prices in many areas are lower than the state benchmark prices, and the central government is trying to alleviate the difficulties of farmers.

< /p >

< p > a senior official said that the number of goods arrived in January was 5 million bales, and the India Cotton Corp (CCI) expects to buy 1 million 900 thousand bales of cotton in January.

India's third largest a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > production of a href= "http://www.91se91.com/news/index_cj.asp" in bandhra Pradesh. The price is less than /a. The lowest supporting price is about 3%. The government may acquire 1 million 500 thousand bales of cotton in that state in January, and Maharashtra's acquisition may reach 400 thousand packs.

By the end of January, the total cost of the acquisition will reach 81 billion rupees, a record high, although India's cotton output will be reduced by 5% in 2012-13 years.

< /p >

< p align= "center" > < img border= "0" align= "center" src= "/uploadimages/201301/06/201301061605104455 no title -1.jpg" alt= "/" < < / > > "

Less than P, since the sales year began in October 1st, as of December 31st, the total number of 1 million 300 thousand packages purchased by CCI came from Andhra Pradesh, and the number of goods arrived in the country was 8 million packs.

Each pack weighs 170 kilograms.

The cotton mill bought 1 million 270 thousand bags, and the processed cotton was 800 thousand packs.

< /p >

< p > CCI expects the acquisition cost of 54 billion rupees in January, after which the acquisition cost was 27 billion rupees as of December 31st.

CCI expects full year (to September 2013) acquisition action to cause a loss of 16 billion 470 million rupees.

Government agencies usually buy cotton according to the lowest support price, and then sell cotton according to < a href= "http://www.91se91.com/news/index_s.asp" > market < /a > price.

The government will compensate for the loss.

< /p >

By the end of December 31st, the government has acquired nearly 1 million 300 thousand bales of cotton in Andhra Pradesh, and its storage capacity is about 1 million 700 thousand packs in October 1st.

Therefore, the crisis of cotton reserves is imminent.

CCI expects to buy 5 million packs in Andhra Pradesh, a record high. The state's 2012-13 year output is estimated to be 7 million 200 thousand packages. Government procurement is designed to prevent panic selling.

< /p >