Cotton Market In India And Pakistan

India

India's clothing prices are unlikely to rise, though cotton production is expected to decline.

Demand for electricity has slowed due to rising electricity prices in manufacturing companies.

The Cotton Advisory Committee under the Federal Ministry of textiles in India expects that the output of cotton will reach 35 million packs in 2011-12 years, but experts say that due to the lack of rainfall in major production areas, Gujarat and Maharashtra, the average output will be 34 million packs.

Industry experts say that, despite the increase in cotton prices and reduced production, clothing prices have risen by 3-4% and clothing prices have risen by 10-15%.

Now that the economic downturn has significantly affected consumer procurement, prices can not continue to rise.

Now, though the price of clothing is up by 3-4%, retailers can not pass the increase on to consumers.

They will digest prices and improve sales through other ways.

Unless the price of clothing purchased from textile mills and textile companies is increased by 10-12%, clothing retailers will raise their prices.

Cotton is the main production input in the textile and clothing industry, and the textile and garment industry is 58 billion dollars. According to Technopak's estimate, it will reach US $141 billion by 2021.

Industry experts predict that the cotton output in 2012-13 will be reduced by about 7% compared with this year.

India cotton year from October to September.

The price of domestic cotton is about 36000-36500 rupees / candy (356 kg).

Cotton prices in India drop due to higher inventory expectations

India's original cotton or kapas cotton fell by nearly 3% on Friday.

The price of Kapas cotton delivered in February on the NCDEX exchange fell 2.3% to 982 rupees / mender (20 kilograms). In March, the delivery contract fell 2.7% to 1001 rupees, and cotton delivery in April fell 2% to 1007 rupees.

Cotton prices have plummeted over the past two weeks as cotton advisory committee has raised its final inventory expectations.

In August, rainfall continued to improve, and lower African cotton imports increased, putting downward pressure on cotton.

In recent days, India's largest cotton production in the state of Gujarat has had a good rainfall and the drought has eased.

As of August 31st, the cotton planting area was 11 million 283 thousand hectares, a decrease of 4.3% compared with the same period last year.

However, the planting area is about 11 million 180 thousand hectares.

Cotton production was raised to 35 million 700 thousand packs (170 kg) in 2011-12 years, compared with the last estimated output of 34 million 700 thousand packs.

Demand side,

It was raised to about 12 million 700 thousand bales, previously estimated at 11 million 500 thousand bales.

As a result, the inventory at the end of 2011-12 years (up to the end of September) was raised to 2 million 800 thousand packages, with a previous estimate of 2 million 500 thousand bales.

In the Surendranagar spot market of Gujarat, Kapas quoted 799.4 rupees / Meng de.

ICE Intercontinental Exchange cotton futures rose 0.90%.

Too much rain in Pakistan causes damage to new flowers.

According to reports, affected by the monsoon activity, Pakistan's cotton growing area has been experiencing heavy rainfall in recent years. In the northern part of Sindh province and Punjab, the intensity of local rainfall is very high. The phenomenon of stagnant water in some low-lying areas has caused damage to new flowers. It is too early to predict the extent of damage.

The extent of damage will be assessed after drying in cotton fields.

The country is still dominated by high temperature and humid weather, with a temperature of 35-39 degrees Celsius during the day.

Cotton farmers expect the weather to clear up and avoid further losses to new flowers.

The progress of seed cotton purchase in China was blocked due to rain, and volume fell sharply.

The supply of new flowers in the market is too high, the spinning enterprises turn to wait and see, the procurement is only to meet the immediate demand, and the cotton mill actively sells low grade cotton stocks.

New flowers in Punjab

The delivery price is 5550-5650 rupees /maund, 71.45-72.75 cents / pound, and the price of Sindh is about 5600-5650 rupees /maund.