Cotton Prices Are Expected To Rise In India

In India this year

The planting area of crops decreased by 10% to 15% last year, which affected the output of cotton crops. In the coming marketing season, the market price of cotton in India's domestic market will increase sharply.

According to reports, India's domestic textile industry responsible person said that due to the delay in India's domestic monsoon climate, the domestic cotton planting area in India fell 10% to 15% year on year last year.

The current cotton growers in India have obtained

To a certain extent, it has reduced the sowing area of cotton crops.

Last year, the sown area of cotton crops in India was stable at about 12 million 200 thousand hectares. According to the current forecast, the cotton planting area in India is expected to be lower than the total sown area last year.

The current market price of domestic cotton in India has risen in the context of the rising demand for cotton by spinning users.

At the same time, according to the US Department of agriculture, in the context of stabilizing market prices and weakening global demand, India's domestic cotton exports in the 2011 to 2012 fiscal year were 14 million bundles forecast for the previous year, possibly down 8.8%, to 12 million 870 thousand bales (170 kg per bundle).

It was also reported that, as of July 10, 2012, the price of cotton futures contracts delivered in the ICE and July 2012 rose 0.32 cents, or 70.69 cents per bushel.

In India countries

And the derivatives exchange (NCDEX), as of July 10, 2012 and February 2012, the price of cotton futures contracts rose 0.1% to 1049.5 rupees per year.