India CAI again cut to 36. 2 million bales - cotton production
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Textile integrated service provider
Media news, recently India cotton association (
Cut again in 2017/18 cotton output to 36. 2 million packages (
1 package = 170 kg, hereinafter the same)
, one year is 500000 packages.
India's total supply of 41. 2 million bales cotton this year, including 3 million package imports of initial inventory and 2 million packages.
According to the state of gujarat and other states, about 3. 5 million pounds of yarn production, is expected to 2017/18 of India's cotton consumption of about 33 million packages, increase 1 million bales.
This year India's cotton exports increase in annual carryover stocks slightly more nervous, about 6 million bales cotton exports is expected, the final inventory of about 2. 2 million packages, less than one year is 3 million bales.
In order to guarantee the interests of farmers, this week, India's agriculture already cut the price of BT cotton seed by seven.
By 5% to 740 rupees/package (
1 package = 450 g)
And the price is determined.
March 12 -
In April, India MCX cotton futures contract price fell below 20680 -
20700 rupees/package price range, hitting a 20350 -
20380 rupees/package range.