India May Withdraw From World Cotton Market

Look at the time.

No one knows how big cotton production is at that time.

Compared with last November and December, the quantity of cotton arrived this year is greatly reduced.

Due to excessive rainfall, soil moisture is too high, and attacked by yellow leaves and insect pests, the number of cotton arrived in Gujarat and Ande Laban is expected to be 200 thousand bales, and now it is reduced to 60000 packets.

Cotton production in India was predicted to be between 32 million bales and 35 million bales, but it is now clearly inconsistent.

The final yield may be 30 million bales.

Therefore, the India Cotton Advisory Committee will convene another meeting to convene the supplier and the buyer to discuss whether there are surplus cotton in India.

If the Cotton Advisory Committee confirms that there are surplus cotton this year, the exporter will ask the government again to approve the export.

So far, the government has only allowed them to register 5 million 500 thousand bales of cotton, and it has now been registered.

After that, they need to be re approved by the Ministry of textile industry if they want to increase exports.

This is the third week in January. This is the earliest time people can predict whether India will continue to export cotton.

Although the government depicts a larger blueprint, exporters who fail to fulfill their export contracts are very uncomfortable. They hope to have second opportunities to export. Who knows that the rain will not be picked up for so long without rain.