India Cotton Volume Increased Significantly
Data released by the India Cotton Corp in November 2nd showed that the volume of cotton arrived in the local market in India during the period of -30 October 1st increased by 23.5%, despite the beginning of the beginning of the cotton market in the beginning of the year.
Comprehensive media November 2nd news, India Cotton Corp released data on Tuesday, October 1st -30 days India local
market
The arrival volume of cotton increased by 23.5%, despite the beginning of the cotton market in the beginning of the year.
Data showed that as of October 30th, 2 million 100 thousand bales of cotton had arrived in the market (170 kg per pack), up from 1 million 700 thousand bales in the same period last year.
Western Maharashtra state, the second largest cotton producer in India, has increased the volume from 175000 bags to 365000 bales, and the largest production Gujarat has increased from 540000 to 560000 packs.
The volume of shipments in southern Andhra Pradesh has surged to 194000 bales from 80000 packages in the same period last year.
India
It is the second largest cotton producer and exporter in the world.
As of October 30th, the average daily cotton production volume increased from about 75000 packages in 10 to 200000 bales.
The cotton market starts from October 1st to the end of September 30th.
A. Ramani, Secretary of the India Southern Cotton Association, said: "despite the fact that
Volume of cargo
As cotton prices increase or remain strong, traders will be eager to export in view of high demand.
India has permitted to export 5 million 500 thousand bales of cotton from November 1st to the beginning of this market year.
The logistics of cotton shipment is in full swing.
The main destinations are China, Pakistan, Bangladesh and Indonesia.
Demand for cotton in India has soared in the past few months as the volume of domestic production is expected to be bumper harvest, while output in other main producing countries, China and Pakistan, is expected to be affected by the flood.
In the past three months, local cotton prices have risen by 40% to 356 rupees per 356 kg.
India's expected record production of 32 million 500 thousand bales of cotton in 2010/11 is 10% higher than the previous year, benefiting from the expansion of the planting area and good rainfall during the rainy season.
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