India'S Cotton Exports Will Hit A New High
This year India's Gujarat cotton exports could hit a new high.
The latest field news shows that up to now, the cotton contract signed between farmers and Export Trading Company has reached nearly 4 million packs, according to Sachivalaya's well-informed source.
A senior official said, "we
Pre
It will also sign 2 million bales of cotton export contracts, which is expected to export 6 million packages this year, compared with 5 million 200 thousand packages last year.
In addition, the export of cotton in Gujarat is India.
cotton
The total export volume is about 75-80%.
Up to now,
India
Signing the 5 million package contract, India cotton export contract may reach 8 million packets of -850 million package.
Most of the exports are from Gujarat Bong, and nearly 90% will be exported to China.
It is mainly BT cotton with the best quality. It is still Carle and its fiber is 28-30 millimeters.
Cotton exports may be higher in Gujarat because the India government has lifted restrictions on cotton exports.
In addition, the output of cotton in Gujarat is expected to reach 11 million 200 thousand bales this year, up from 7 million 800 thousand last year.
Farmers will finish the cotton picking in mid January.
The output of cotton in Gujarat is about 1350 kg / ha.
Interestingly, trading institutions find that exporting cotton is more profitable than consuming cotton domestically.
Exporters export cotton to China, and the cost of shipping is to deliver cotton to half of Tamil Nadu by road.
This is one reason why farmers are willing to sign export contracts instead of pporting cotton to Tamil Nadu, where the most ginning plants are in Tamil Nadu.
India's Offshore Shipping Law prohibits high prices, which is another reason to encourage farmers to export.
Despite the fact that farmers are unable to sell a good price, exports will continue to increase.
This year, the government of India decided that the minimum supporting price of cotton was 3300 rupees / weight, and the income of farmers was over 3500 rupees / weight.
By contrast, farmers received a price of 6500-7000 rupees / weight last year.
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