India Re Exports Cotton, And Price Increases Are Expected To Increase.

2010/12/27 16:44:00 43

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Export Demand Of Market Goods For Export Of Cotton

Cotton remained at a high level in India on Thursday, as exporters await the resuming of export registration in the middle of next month, and demand is expected to increase.

Exports are expected to start in February 1st.

Only when demand is satisfied can the price be corrected.

The supply of goods in the global market is also very tight. Prices have risen several times in recent weeks, and the supply of goods has been decreasing, and exporters' demand has been increasing.

Some exporters registered earlier.

Exit

And listen, but failed to complete export between the deadline of December 15th. They hold nearly 1 million 500 thousand bales of cotton (170 kg / pack). They expect that the government will soon re register the export contract.

The price of Gujarat base still Carle - 6 is about 42000 rupees / kg (356 kg).

The textiles Commissioner's office has received a confirmation of more than 2 million 200 thousand bags of cotton exports.

It is estimated that about 3000000 bales of cotton have been exported.

The confirmation of the textile Commissioner must be completed 21 days ago, so the deadline is January 5th.

The market expects that the General Administration of foreign trade will start new registration from February 1st.

Previously, the government allowed

Exit

5 million 500 thousand bales of cotton, so the number of new registrations will be 2 million 500 thousand bags of cotton that remain unexported.

Alan Dalal, a cotton trader living in Ahmedabad, said that once the export demand is satisfied, cotton prices may be revised, and the number of new arrivals is increasing, and the demand for cotton mills has been reduced.

He thought that

Cotton price

It will not fall below 40000 rupees / candy unless the overseas market drops sharply.