From October 1St To June 19Th, The Quantity Of Cotton Arrived In India Was 29 Million 20 Thousand Bags.

The largest number of cotton producers in India has increased by 11% to 9 million 710 thousand bales.

India is the second largest cotton producer in the world. As the year draws to a close, the number of shipments is decreasing.

As of June 19th, the average daily arrival volume in India was about 15000 packs, compared with about 200 thousand packages in January.

The next year begins in October and enters the new cotton market next year.

Supplement:

In a statement Friday, the China Cotton Association said in a statement that the government is preparing to put in 600 thousand tons of cotton reserves and plans to increase cotton import quota to solve the shortage of raw materials in textile enterprises.

The association did not say how much it increased, but insiders say it could be 1 million tons.

The association said that so far this year, the government has approved 3 million 600 thousand tons of import quota.

The cabinet said Friday that the Chinese cabinet has approved additional quotas and plans to put in 600000 tons of cotton to reduce cotton prices.

Last month announced 800 thousand tons of import quotas, slightly easing domestic demand. Due to bad weather this year, tight supply of goods drove cotton prices to new heights.

China

In late May, the benchmark contract in Zhengzhou hit a record high of 18340 yuan / ton, and has since come down.

The stock of large textile enterprises is enough to maintain for about 6 months, and the stock of medium-sized textile enterprises may last until the end of August.

If more natural disasters do not occur, the cotton harvest this year may still be good, although the planting time is delayed due to bad weather.

The Cotton Association said that if new cotton picking time was postponed, besides other policies, the government was prepared to expand imports and put in reserve cotton.