India exports contract of cancellations - cotton prices Textile information - Textile net - Textile integrated service provider

According to Indian cotton association ( CAI) , according to the recent cotton prices rose, traders in India and exporters contract cancelled 400000 bales. Affected, Pakistan, Bangladesh, Vietnam and China buyers will be forced to turn to the United States, Australia, Brazil and west Africa with cotton, cotton, cotton, and other varieties. CAI said that India's cotton exports this year is expected to reduce to 5 million packages, fell nearly a quarter. According to India, India so far for 2. 5 million bales cotton export contract ( 170 kg/bag) , 1. 5 million packages have been shipped. Indian traders cotton exports offer for Asian countries to 87 cents ( CNF) , 4% higher than cotton. And influenced by pests, nearly all round cotton prices rose more than 15% to India, India's domestic cotton prices have been up to 87 cents. India has to reduce exports to ensure domestic supply. In addition, the Indian rupee has also weakened last up to 30 months high exporters' profits, forcing traders to cancel the contract. According to the United States department of agriculture statistics, so far this year, 67 U. S. cotton exports signing for Bangladesh. From the package 80000, more than doubled. It is reported that India's current cotton listings on the 19th. 50000 packages per day, and last week to 18. 50000 packages per day. Last week, India's exports of cotton main 29 mm in length of cotton, clinch a deal valence is 86 - 87 cents/lb.