India Cotton And India Yarns Are More Competitive In The International Market.
< p > at present, cotton processing in India is coming to an end. The latest statistics show that as of July 15th, the purchase amount of seed cotton in India was 52 thousand tons, and the total purchase volume reached 5 million 593 thousand tons as of the week, which was 1.9% lower than the same period last year.
Among them, Ande Laban reached 1 million 241 thousand tons, the first in the Southern cotton producing area, an increase of 26.8% over the same period last year, while in Gujarat, Tamil Nadu and Punjab, there were varying degrees of decline, resulting in a corresponding reduction in the export of cotton in India this year.
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< p > according to the latest news released by Reuters, India cotton harvest area is expected to increase, which will lead to a decline in cotton prices in India this week. However, the demand of "a target=" _blank "href=" //www.sjfzxm.com/ "textile" /a "factory will limit the drop in cotton prices.
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< p > the cotton planting area in India has reached 139 million mu as of July 11th, compared with 97 million 800 thousand mu in the same period last year.
At the same time, traders generally believe that timely rainfall and the wide use of pgenic cottonseed will promote the yield of new cotton.
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< p > as the second largest cotton producing country in the world, the cotton output potential of India is very optimistic in the 2013/14 year. The India Cotton Association said that suitable soil moisture and fast new cotton sowing all announced that India cotton would get a good harvest.
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At the end of this year, the supply of cotton in India dropped sharply, and the new cotton market will not be available until October.
At present, the most active S-6 varieties are stable at 42400 rupees / candle, but with the increase of supply in the new year, the latter trend is not optimistic.
In addition, rupee's weakness has made India cotton and India yarns more competitive in the international market.
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