India Cotton Production May Not Reach The Expected Target.

2012/1/12 9:12:00 19

The Number Of Incoming Goods Has Dropped Sharply And Cotton Output Has Been Reduced.

As of January 8th, the number of cotton arrivals in India's domestic market dropped by about 20%, of which Maharashtra was the largest, reaching 41%. Therefore, the industry is more worried that by the end of September 2012, cotton harvest in India may be less than that. Expect 。

Data from the state-run India Cotton Corp show that the harvest began in October to January 8th. cotton The number of shipments dropped to 11 million 950 thousand bales, compared with 14 million 850 thousand packages in the same period last year.

The state supported Cotton Advisory Committee (CAB) estimates that 2011-12 production was 35 million 600 thousand packs, while the Ministry of agriculture forecast yield The scale is 36 million 100 thousand packs.

However, the textile industry and cotton trading management said last month that the output of 2011-12 could reach 3200-3400 packages, although the planting area increased by 10% to 12 million 190 thousand hectares, but the yield per unit area was relatively low.

CAB estimates that in 2010-11, the world's second largest cotton grower and supplier country produced 32 million 500 thousand bales of cotton in India.

At the last meeting of November, CAB predicted that the average annual yield of cotton in 2011-22 was 496 kg / ha, the same as last year.

China and Pakistan are top buyers of cotton in India. The International Cotton Advisory Committee says that in 2011-12, China's cotton production is expected to increase to 7 million 250 thousand tons and Pakistan's output to 2 million 270 thousand tons, compared with 6 million 400 thousand tons and 1 million 910 thousand tons last year.

Last month, cotton trade officials said that India's cotton exports could still rise to about 8 million bales in 2011-12, although the initial forecast of cotton supply was lower than expected, compared with about 7 million packages last year. Although the yield per unit area is relatively low, the output is still very good. If rupees continue to work out, exports may be larger than last year's export level. In 2011, the rupee depreciated against the US dollar by about 16%.