India Cotton Supply And Demand "Double Drop" Exports Facing Crisis

The US agricultural Counsellor's latest report said that in December 2014, India's cotton export volume was only 170 thousand tons, down 60% from the same period last year, the lowest record in nearly six years.

Although the export of India cotton has increased for four consecutive months, the five decline in the last six months has reached two figures, but it is an undisputed fact.

The US Department of agriculture predicted in January that the export volume of India cotton should be reduced to 1 million 23 thousand tons.

Analysts believe that this year

Exports will be close to the official forecast of USDA. There are two main reasons: first, in 2015, China did not issue additional cotton except 1% tariff quota.

The two is that USDA will reduce the output of India cotton by 110 thousand tons. If it is finally fulfilled, its export supply will inevitably decrease.

In addition, India cotton has been so far this year.

The shipment volume was 348 thousand tons, down 57.1% from the same period last year, accounting for only 35% of the USDA export forecast.

In the past five years, the export shipment of India in December was about 45.5%.

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All along, textile exports occupy half of Chunan's export products.

According to the statistics of the county internal revenue service, the export tax rebate rate of the products increased, and only 3 million 500 thousand yuan could be generated in the industry.

The export tax rebate rate of textile and garment industry has undergone many adjustments. The category of export tax rebate rate adjustment mainly includes yarn, fabric and so on, mainly involving textile manufacturing and less clothing industry.

"Raising the tax rebate rate is definitely a good thing."

Zhejiang Chengxin Weaving Co., Ltd. Department Manager Ceng Xiaoling said.

The company's gray cloth exports to Yemen, the United Arab Emirates, Nigeria and other countries all the year round. After the tax rebate rate is raised, the bargaining space between enterprises and foreign businessmen will expand accordingly, so business revenue may also grow correspondingly.

At the same time, the pressure of capital turnover has also been alleviated to a certain extent.

"Don't look at one point, it's quite a lot to convert it into actual amount."

Ma Honghua, financial manager of Zhejiang Qiang Qiang Industrial Co., Ltd. and Hangzhou Xinxing Textile Weaving Co., Ltd.

He calculated the accounts to reporters, assuming that the company's export volume was 10 million US dollars, according to last year's average exchange rate of US dollar to RMB 6.15, we could get more tax rebates of around 615 thousand yuan.

"This policy not only makes our export products more competitive, but more importantly, in the current depressed market situation, it can give enterprises confidence and motivation."

Ma Honghua said.

The relevant officials of the IRS said that the degree of benefit of textile and garment enterprises depends on the proportion of the company's export earnings and the proportion of the company's exports.

The higher the proportion of export and the greater the proportion of beneficial products, the higher the degree of corporate benefit.

It is understood that after the tax rebate rate adjustment, the county tax bureau timely use QQ group, SMS platform and other channels to publicize taxpayers in the area, and help enterprises to declare relevant tax matters.

In recent years, the foreign trade economy continued to slump, the Bureau calculated the demand according to the export tax rebate plan, actively striving for the export tax rebate index to the provincial and municipal bureaus, and adopted the tax service efficiency measures of "guidance reminder, early warning assessment and tax rebate increase", so as to make the declaration, the month audit and the tax rebate in the month.

The original tax rebate once a month has been adjusted to two or three times a month to shorten the tax rebate period and alleviate the difficulty of capital turnover to the greatest extent, so as to help export enterprises through the "cold winter".