Why India cotton under the problem - Textile information - Textile net - Textile integrated service provider

From the point of some foreign and large enterprises import quotation, along with the main ICE since late June contract continue - in 66 The casing 69 cents/pound shocks, Low of 66. 15 cents, a new low since September 2016) , American cotton ( Including 2016/17 and 2017/18 new flowers) New flowers, uzbekistan, Macao cotton, west Africa cotton spot quote Yin fell more than, such as cotton S - but India 6 no along with the deep correction of ICE, outside dish diving, cotton ginning mill, exporters did very calm. According to India's department of agriculture statistics, as of June 29, cotton planting area has reached 7186. 50000 Chinese acres, year-on-year growth of 56. 5%, far higher than expected; As of June 30 year Japan India market up to 555 of the crop. 40000 tons, up from 545 in the year-earlier period. 40000 tons, but India cotton cotton ginning mill factory price stabilization, far east main port price is still high, with the international cotton prices deviating direction. 13 - July 16, Qingdao, zhangjiagang, Shanghai and other main port of July/August shipment C/SM 1 - A ”,条件SM 1 - 1/8 And SM 1-1/8' 5/32 'Australian cotton, cotton price respectively is 81 SM west Africa. 65 - 81. 75 cents/pound, 78. 60 - 78. 70 and 84 cents per pound. 10 - 84. 20 cents/pound, 79. 10 - 79. 25 cents/lb. The S - June 1 - 1/8 'China main port price is as high as 84. 20 - 84. 25 cents/pound, even slightly higher than that of Australian cotton prices, and EMOT SM upside down to 5. 50 - 5. 65 cents/pound, up from west Africa cotton more than 5 cents per pound. From the survey, since mid-june port high quality Australian cotton, cotton, cotton goods, inquiry and contract shipment is early active many, bonded, growth of the contract at sight, but S - 6, J34, MCU5 India cotton but shipping slow, little reaction, then what causes cotton in India, however, sellers how? The author analysis is as follows: firstly, India cotton exporter from cotton ginning mill to each link almost no profit space and price space. By 2016/17 MSP increase, the new monetary policy, GST, seed cotton purchase price rising, India cotton leave high to go high cost; And the Indian rupee against the us dollar strengthened again to India cotton wood to add salary, trade enterprises, exporters have little ease, negotiation room, have a bit in the Ming carelessly one false move may lose the game. Secondly, management of India's cotton, the foreign trader. From the survey, since 2013, operating international cotton traders of India's cotton less and less, direct export India ginning company also gradually disappeared, as India's domestic demand for cotton consumption growth lead to the cause of the decline in exports, more cotton prices fall sharply, India cotton, cotton processing enterprises, exporters often unilateral price, shipment delay, breach of contract or cancel the contract to supply large area and so on to make the international cotton business factors such as procurement, losses, so India's cotton operators in recent years, less and less. Thirdly, Indian companies for its domestic cotton consumption ability estimate on the high side. According to the USDA, according to the latest monthly report 2017/18 domestic cotton consumption of about 538. 90000 tons, more than 2016/17 of 21. 80000 tons, while India related department of statistics to be more optimistic. Fourthly, India cotton, artificial wages and other tax cost, financial cost and so on up. From the survey, in recent years Indian workers wages, agricultural materials prices, cotton investment, financing costs, such as rising, in southeast Asian countries in cotton spinning, weaving, clothing, cost advantage overall decline, and China since 2010, in the bottleneck of transformation period.