India'S Cotton Output Is High But Its Consumption Is Decreasing.

Cotton production is expected to reach 2011-12 in India.

Because

Because of the good weather in India's cotton growing areas, cotton will probably be bumper bumper in 2011.

According to the report of the southern India Textile Mills Association (SIMA), the India textile industry has lost more than 150 billion rupees due to the sharp fluctuations in cotton and cotton yarn prices.

Industry officials said that India's output was 36 million packs, of which the domestic market circulation was about 12 million packs.

This means that domestic cotton supply is adequate, so cotton prices will be affected.

As the domestic market has 12 million packages of cotton supply, cotton prices will face downward pressure.

The price may fall to 35000 rupees / candy at an appropriate time, 356 kilograms, or even lower.

Cotton exports are managed in accordance with the general public license (OGL). Therefore, the export of cotton is expected to reach 700-1000 bales this year.

Meanwhile, global cotton production is expected to increase by 8-10% this year, and consumption of major cotton consumption countries has not increased. This will force global prices to fall further.

On the India multi commodity exchange (MCX), cotton contracts fell 0.53% to 18710 rupees in the morning of October 18th and October.