The Industry Forecasts Total Cotton Production Or Down To 5 Million 950 Thousand Tons In India.

According to reports, the volume of new flower purchases from India to December 4th dropped by 25% compared with the same period last year. Seed cotton purchase Slow progress led the market to the country's current year. cotton The total production is expected to be lowered.

The forecast data of the India Cotton Advisory Committee in the middle of November was 35 million 600 thousand packages (6 million 50 thousand tons), and the private sector generally forecast 36 million packages (6 million 120 thousand tons) before. At present, the parties considered the total output to be 35 million bags (5 million 950 thousand tons). Although the total production is expected to decrease compared with the previous period, it is still at a record high, an increase of 7.7% over the previous year.

Previously reported that India cotton farmers reluctant to sell seriously. The official is trying to raise the minimum purchase price (MSP) to support the cotton price, and it is expected that the progress of seed cotton purchase is expected to accelerate in the coming weeks.

As the yarn market continues to slump, the demand for new flowers in India's domestic textile mills has not been improved. Some deals were made in the export market. The market as a whole is light.

India's domestic cotton price has been fluctuating in a narrow range recently. Yesterday, the Shankar-6 pickling mill's pick-up price was about 35250 rupees /candy, which was about 87.25 cents / pound.