Cotton Prices In India Will Continue To Rise This Week.

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< p > according to the information of Mumbai on July 8th, cotton prices in India will continue to rise this week, because domestic a target= "_blank" href= "http://www.91se91.com/" > textile < /a > factories and yarn exporters are in good demand, while domestic supply is sparse. India rupee depreciation will also raise popularity.

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< p > traders say the supply of the domestic market has declined sharply. As the season is drawing to a close, farmers are busy with the new planting season, and only about 15 thousand packages (170 kilograms per packet) of cotton enter the market.

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"P," Gujarat Ahamada Bud's dealers said, "European countries and Chinese yarn demand is good.

Textile mills in southern India are actively buying cotton to meet their orders. "

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< p > rupee makes India cotton and cotton yarn competitive in the global market.

The rupee touched a record low of 61.21 against the dollar Monday.

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According to the data released by India Cotton Association (P), the most active Shankar-6 cotton in India's domestic market has risen by 1300 rupees to 41800 Krupp (365 kilograms) per month since the beginning of the month.

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< p > Shah predicts that spot cotton will reach 45000 rupees per hash in a month.

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< p > India's most active July cotton futures contract rose 0.50% to 20050 rupees per pack (170 kilograms), after hitting 20130 rupees, the highest level since April 1st.

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< p > however, due to the early rainy season and abundant rainfall in 6-9 rose season, the sowing speed was accelerated, and the material pressure was < a href= "http://www.91se91.com/news/index_s.asp" > market < /a > emotional pressure.

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< p > as of July 5th, the cotton planting area in India was 8 million 170 thousand hectares, compared with 4 million 660 thousand hectares in the same period last year.

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< p > industry experts say cotton production or growth in India is the second largest cotton grower in the world. Because of the strong monsoon rains, farmers in the 2013/14 area have been encouraged to expand their planting area and sufficient water to boost their yields.

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< p > India increases the support price of cotton in mid 2013/14 to 3700 rupees per 100 kilograms and 4000 rupees per 100 kilograms of long staple cotton.

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< p > according to the India Cotton Corp (CottonCorporationofIndia) Notice, the company will auction 52800 bales of cotton on Monday.

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< p > 1249GMT, ICE12 a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > futures rose 0.36% to 85.34 cents per pound.

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