Domestic Cotton Yarn Prices And Export Prices Rose Slightly In India

Last week, the export price of cotton yarn in India

All of them rose, mainly because domestic cotton market began to decrease, and some cotton ginning plants held cotton wait-and-see.

Since the end of November last year,

Cotton yarn export prices rose sharply, 30 cotton yarn has risen 28 cents, 30 blended yarn has risen 20 cents.

In recent weeks, the rupee of India has continued to decline slightly against the US dollar, and the US dollar quoted price is lower. Foreign market demand for India cotton is expected to revive.

In this year, cotton production in India has decreased, export volume is expected to increase, and domestic consumption continues to increase.

In the international market,

Prices continued to rise sharply. In the past week, India's 30 yarn export prices rose 5 cents, or 1.9%, and the FOB price of 2.65 yuan / kg.

Blended yarn also rose 5 cents, to $2.35 / kg.

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According to the latest statistics, the total output of cotton in India is estimated at 6 million 96 thousand tons in 2015, which is 327 thousand tons lower than that in 2014.

From 2002 to 2007, cotton production in India increased from 2 million 308 thousand tons to 5 million 378 thousand tons, nearly doubled.

After 2007, cotton production in India has been maintained at a level of more than 5 million 879 thousand tons.

India's cotton growing area ranks third in the world.

The main cotton producing areas in India are concentrated in the rainwater irrigated areas of Maharashtra, central Pang, Gujarat Bong, Orissa, etc. in the central region, the output of Karnataka, Andhra Pradesh and Tamil Nadu in the southern region accounts for 30% of the total cotton output in India; the artificial irrigated areas such as Punjab, harya and Rajasthan in the northern region account for 15% of the total cotton output in India.

With the continuous renovation of cotton planting technology in India, the cotton yield per unit in India increased from 269 pounds per mu to 515 pounds per mu between 2002 and 2013.

At the same time, the expansion of pgenic cotton, improvement of cotton varieties, improvement of crop management and favorable weather conditions have greatly promoted cotton production in India.

In recent years, the technology of India's textile industry has been improving continuously, laying the foundation for the continuous expansion of India's textile industry.

It is understood that the output value of India's textile and garment industry accounts for 14% of India's total industrial output value, accounting for 17% of India's total exports, accounting for 4% of the gross domestic product, and providing direct employment of over 35 million people and indirect employment exceeding 55 million.

Agriculture and textile industry have become the largest pillar industries in India.

Cotton consumption in India is expected to increase to 5 million 552 thousand tons in 2016.

From the global trade trend chart, we can see that policy plays a vital role in India's cotton export.

India is expected to maintain its position as the largest net exporter of cotton in 2016. The main export destinations are still Pakistan, Bangladesh, Vietnam, Indonesia and other Southeast Asian countries. China, as the world's largest cotton consuming country, has a great impact on India's cotton exports.

It is estimated that the export volume of cotton in India in 2016 is about 1 million 225 thousand tons.