The Latest Cotton News Express In The International Market
Pakistan: Over 12 million packs cotton Reaching the local market
According to foreign media reports, according to the Pakistan cotton gin Association (PCGA) two week report, in the current marketing year, more than 12 million bales of cotton have entered various cotton processing units in Pakistan.
According to the report, as of January 15, 2013, 12 million 22 thousand bales of cotton had arrived in the market, up from 12 million 829 thousand bales of cotton in the same period last year. According to the report, 11 million 813 thousand cotton bales of cotton have arrived in the market, and 10 million 234 thousand of them have been sold. Spin The factory, 200 thousand and 586 bales of cotton has been exported, so the remaining stock is 1 million 378 thousand bales of cotton.
PCGA estimates that about 8 million 726 thousand bales of cotton come from Punjab, Pakistan, and 3 million 296 thousand of the local market's cotton comes from Sindh. Although the cotton produced in Punjab is lower than the value of 10 million 300 thousand last year, the output of cotton in Sindh province is increased by 2 million 500 thousand packs compared to the same period last year.
The report pointed out that 11 million 813 thousand packages had been packaged, 10 million 234 thousand packages had already been sold to the textile mills, and 200586 packages had been exported, so the number of 1 million 378 thousand packages had not yet been sold.
Pakistan cotton gin Association (PCGA) estimates that about 8 million 726 thousand bales of cotton from Punjab and 3 million 296 thousand cotton from Sindh province are estimated.
The number of goods arriving in Punjab decreased by 10.3% compared with the same period last year, and the number of goods arriving in Sindh province increased by 2 million 500 thousand packages compared with the same period last year.
Holland Cooperation Bank forecast that cotton prices will maintain range shocks in the first half of 2013.
Holland cooperative bank's agricultural bulk commodity market research report said that cotton futures started well in 2013, and cotton futures are expected to increase moderately during this calendar year as cotton exports can be reduced.
The report said that due to less than expected output, the number of cotton arriving in India will decrease compared with the same period last year, while speculative prices will continue to increase as expected prices rise further.
In the first half of 2013, cotton prices are expected to maintain a range of shocks, and thereafter become stronger in the second half of the year, as the number of cotton available for export will decrease. The report said that the US export sales improved, the fund adjusted to hold positions, and the number of goods arrived in India decreased, so cotton prices in January rose slightly.
This year, the delivery volume of cotton in India lags behind last year, a decrease of 6% compared with the same period last year. In India, droughts and the number of arrivals fell by 6.4% over the same period last year, leading to a growing market concern over cotton production. The report predicts that India's output will be reduced by 9% in 2012-13 years, and if the quantity of goods still lags behind, Netherlands Banks may further adjust their production forecasts. Price change has a significant impact on crop yield assessment.
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