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India pin S - cotton exports 6 - higher prices Textile information - Textile net - Textile integrated service provider
Since December, according to an electric Pakistan, China, Vietnam and Indonesia significantly increased demand for India's cotton, and international cotton prices continue to rise, the last ten days India's domestic cotton prices rose - 1500 2000 rupees/Germany, nearly a week spot deal about 400000 packages. According to the traders, India S - at present Lint spot price is 40200-6 40600 rupees/Germany ( 356 kg) When the top 41000 rupees. However, with the increase of market of the crop, S - 6 the price fall. Traders and exporters speculation about 1. 5 million package (export contract has been signed 25. 50000 tons) , of which the shipped 900000 packages ( 15. 30000 tons) 35 -, gujarat shipment 400000 packages ( 5. 95 - 6. 80000 tons) 。 India imports cotton has been approved recently, Pakistan and India's periphery purchase rapid heating up, total need to import about 1 million package ( 170000 tons) Cotton in India. Pakistan has bought 30 - 350000 packages ( 5. 1 - 5. 950000 tons) In January 2018, will start shipment. Some exporters said Pakistan to India cotton inquiry has been increased to 41000 - 41500 rupees/Germany. Domestically, gujarat market day in 4 of the crop. 2 - 4. 40000 bales, listed 2 million bags, cotton farmers get its hands on price is higher than that of gujarat government MSP. Rising prices is the main reason is that the international market demand.