New Year's cotton consumption or overvalued - India Textile information - Textile net - Textile integrated service provider

According to the forecast, counsellor 2017/18 Indian cotton consumption will reach 5. 23 million tons, is lower than the United States department of agriculture's official forecast of 100000 tons, mainly India cotton price volatility, market consumption and Indian textile mills will produce emphasis on blended yarn and synthetic fiber fabrics. According to understand, as India's domestic cotton prices continue to rise, the Indian textile mills began importing cotton to meet the demand of FangQi. Although the implementation of GST tax benefit India cotton consumption ( Cotton GST rate was 5%, and the synthetic products of GST rate for 5 - 18%) , but because the cotton quality problem still exists, the Indian textile mills still prefer low impurity, consistency of good cotton and cotton in Australia. According to the data provided by the Indian council of textile, 5 - this year June India textile inventory of about 1. 74 million tons of cotton industry, is the highest level since 2009/10. At the same time, in June 2017, the Indian cotton yarn inventory increased significantly from the same period a year earlier, the main reason is that domestic demand is weak, cotton yarn and textile exports decline. According to the forecast the counsellor, 2017/18 Indian cotton exports of 910000 tons, below the United States department of agriculture's official forecast, the reason is that India's cotton in the international market competitiveness, this is the main factor affecting the Indian cotton export prospects. According to statistics, as of May 2017, Bangladesh is India's largest cotton export destination countries, followed by Pakistan, Vietnam and China. Compared with 2015, India cotton prices are still higher than international prices, exports fell sharply. And affected by the market demand is weak, the Indian cotton yarn exports have fallen sharply, Bangladesh, China, Turkey and Pakistan is still the most main cotton export market in India.