India Cotton Gin Association Calls For Higher Cotton Export Quotas
In the past two months, India
Cotton price
From 63 thousand rupees / candi (about 3960 U.S. dollars / ton) to 43 thousand rupees / candi (about 2700 U.S. dollars / ton), fell by more than 30%.
India is mainly affected by falling cotton prices.
Cotton production
Nearly half of Gujarat is rolling.
Cotton merchant
Suspension of business.
To this end, Saurashtra Tel cotton gin Association recently joined other agricultural related associations to advise the government to increase the export quota of cotton.
The chairman of the Saurashtra Tel cotton gin Association pointed out that some cotton merchants' stock price of cotton was about 60 thousand rupees / HM. At present, they lost nearly 20 thousand rupees (US $416) per hash. Cotton Traders wanted cotton prices to return to 63 thousand rupees as soon as possible, but this requires the government to re export cotton exports.
DilipSanghani, Minister of agriculture in Gujarat, Dilip Sanghani, said that a major factor in the fall in cotton prices was the government's restrictions on cotton exports.
To reverse the current downward trend in cotton prices, the India government should increase the export quota to 15 million packs (1 packs of 170 kg).
At present, the export quota of India 2010~2011 cotton season is 5 million 500 thousand bales.
The National Cotton Advisory Committee of India predicts that the 2010~2011 cotton output will reach 31 million 200 thousand bales in this country.
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