This Week'S Recommendation: International Cotton Export Weekly

World clothing shoes and hats online news, US cotton export weekly: contract volume reduction, shipping innovation high

US Department of agriculture report, 15-21 December 2017, 2017/18

The net contract volume was 37 thousand and 100 tons, 50% less than the previous week, 38% less than the average of the previous four weeks.

The new signing came mainly from India (10 thousand and 800 tons), Vietnam (10 thousand and 100 tons), Turkey (5330 tons), Mexico (2018 tons) and Taiwan area of China (1746 tons).

Japan and Salvatore cancelled part of the contract, and China cancelled 2336 tons.

In 2018/19, the net signing amount of the US cotton is 7371 tons, and the buyer is China (5488 tons) and Mexico (1882 tons).

The installed capacity of land cotton in 2017/18 was 62 thousand and 700 tons, an increase of 87% over the previous week, an increase of 64 over the previous four weeks, reaching a new high of the year. It was mainly shipped to China (16 thousand tons), Vietnam (11 thousand and 300 tons), Pakistan (6078 tons), Turkey (5125 tons) and Mexico (4014 tons).

In 2017/18, the net contracted volume of Pima cotton was 2903 tonnes, up 14% from the previous week, but increased by a significant increase over the previous four weeks. The main buyers were China (1157 tons), India (816 tons), Indonesia (453 tons) and Thailand (227 tons).

In 2017/18, the pport volume of Pima cotton was 4581 tons, an increase of 34% over the previous week, an increase of 21% over the previous four weeks, mainly to China (2517 tons), India (975 tons), Pakistan (499 tons) and Peru (227 tons).

India cotton exports are expected to increase by 15%, the government encourages

According to the latest forecast of India Cotton Advisory Committee (CAB), the export volume of cotton in India is expected to be 6 million 700 thousand packages (1 million 140 thousand tons) in 2017/18, up 15% over the same period last year.

In 2016/17, India exported 5 million 821 thousand cotton (989 thousand tons) of cotton.

The Ministry of textiles of India predicts that cotton production in India will be 37 million 700 thousand packs (6 million 409 thousand tons) in 2017/18, up 9.27% over the same period last year.

Meanwhile, after the cotton production increased this year, the average cost of cotton grades in India textile mill decreased by 2-4.8% compared with the same period last year.

It is also revealed that the government of India is taking measures to support CCI's MSP acquisition.

This year, CCI opened 348 acquisition points.

As of December 20th, India's new cotton market reached 9 million 759 thousand packages (1 million 659 thousand tons), and CCI's MSP acquisition reached 366 thousand packs (62 thousand and 200 tons).

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