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CCI decline in India's cotton supply dwindling - Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-07-12
According to the Indian cotton advisory board ( 出租车) The latest forecast, the influence of the parts of cotton bollworm and yield decline, 2017/18 Indian cotton output of about 640. 90000 tons, up 9% from a year earlier, but failed to achieve expected before. The personage inside course of study says, India India cotton actual output is much more than the CAB pessimistic, production is expected to drop to 6. 12 million tons. According to the forecast, in 2017 India planting area increased by 19%, to 1. 6. 2 billion mu, and imports for 28. 81, 90000 tons of initial inventory. 60000 tons, the total supply of 751. 40000 tons, consumption increased to 489. 60000 tons, the small plant and plant cotton consumption increased to 45. 90000 tons, exports increased to 113. 90000 tons, the reason is that Pakistan to India cotton import demand. Although forecasts suggest that suffered a serious pest in gujarat, is now under control, the worst-hit is maharashtra state. In addition, karnataka state, trent Ghana states and madhya pradesh and pest attacks. As of December 14, India cotton company has by the MSP ( 4320 rupees/quintal) Acquisition of 59. 50000 tons of the crop, a total of 68. 800 million rupees. CAB said, however, as prices stabilize and gradually higher than that of MSP, CCI from now on to the involvement of the acquisition of the crop will be limited. Influenced by production, this year's Indian cotton export excess supply will be reduced, expects India cotton exports for 113. 90000 tons, an increase of 15. 1%, but less than previously forecast 127. 50000 tons. According to CAB, Pakistan to India to the import of cotton is expected to increase, but the Indian cotton export supply to reduce the influence of American cotton, cotton in Brazil and Australia cotton exports to Pakistan, China and Bangladesh will increase.
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