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Cotton prices stabilize after a continuous decline - India Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-07-01
In the latest week, Indian cotton prices fell in the weeks after finally stabilising, cotton prices are influenced by production surge fell again. 1 - week, Indian cotton prices generally rise 2 rupees per kilogram, the early stage of the cotton yarn prices, the downstream FangQi began to increase for sourcing cotton. So far, cotton prices still fell 14% year-on-year. Affected by the crop yield increased compared to the Indian cotton prices continue to slide. This year's cotton production is cotton plant expanding significantly, the abundant yield increase, the monsoon rains. Indian cotton association estimates that 2019/20 cotton output grew by 13% year on year, India and the United States department of agriculture is expected to increase. According to the analysis, the government raised the purchasing price of MSP prompted India planting area is expanding, but as a result of cotton prices this year, farmers income will reduce, so next year's planting area and yield could be significantly reduced. According to the forecast CAI, since India cotton prices higher than international cotton prices overall level, so the Indian cotton exports this year is difficult to increase. But industry groups are lobbying the government to restore trade with Pakistan, Pakistan for cotton slashed production significantly increased domestic demand for imports, FangQi is importing cotton from Brazil.
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