Indian Government'S Lowest Support Price For Cotton Will Result In Six Billion Rupee Loss.

J N Singh, joint Minister of India textile department, said that due to raising the minimum supporting price of cotton (MSP), the India government expected to lose 6 billion rupees in the current fiscal year.

He said if the next fiscal year continues to raise MSP, the central government will lose another 200-240 billion rupees, but the farmers will be saved from the recession.

　　今年，政府把棉花最低支持價格上調大約 40％。Singh 說，印度棉花公司和農業合作機構(NAFED)棉花收購價格大約在 24,000 盧比/ candy, 賣價大約在 20,000 盧比左右。

The government's intention is to promote domestic cotton consumption. Therefore, the state announces that a large quantity of cotton can be purchased at a preferential price.

Regarding the prospect of cotton exports this year, he said that cotton exports will decrease by 5-7% this year as global demand decreases.

So far, we planned to export 350-400 bales of cotton this year, but exported only 50-100 bales of cotton (170 kg).

He said that this year cotton production has been cut down to 2900 bales, while the government's previous estimate is 32 million 200 thousand packages.

　　與2008年11月相比，2008年12月印度對美國出口的所有服裝和紡織產品下降 10％。但他說，基本面依然很好。全球紡織服裝市場到 2015年預期達到 8050 億美元。　

Editor in chief: Xu Qiyun