The Volume Of Cotton Arrived In Mid October In India, But Traders Preferred To Wait.
India
North and West
Regional cotton began to enter the market, but the expected volume is expected to expand in mid October.
The farmers expect to sell a good price this year. In September 11th, the selling price in Maharashtra reached 4000 rupees / weight.
businessman
They are more willing to wait until November. They hope that this year's harvest will make the price more moderate.
Prakash Patil, chairman of the Jalgaon Regional Marketing Committee (APMC), said that the daily arrival quantity is only 150-300.
The water content of cotton is 25-30%, and the government restricts the maximum water content to 8%. In the year October 2010 begins, the price range may be maintained at 3500-4000 rupees / weight.
The number of arrivals in Punjab and the state of kraja reached 3000 bags per day (170 kilos per pack), but Rajasthan just started picking cotton.
Although the planting area in the state of Rajasthan and Rajasthan was reduced, output remained at a level of 4 million 100 thousand a year.
Rakesh Rathi, President of India North Cotton Association.
This year, three Uttar Pradesh States
planting area
Compared to 1 million 240 thousand hectares, compared to 1 million 443 thousand hectares in 2009-10 years, the price is 3500-3900 rupees / weight.
The Cotton Corp in India has not started buying because the price is too high.
In the 2009-10 year, the Cotton Corp of India began buying in September, when the price was 2800-2900 rupees / weight.
Cotton traders say exporters are not likely to enter the market now. Their interest is in 11-12 months' forward delivery.
Cotton futures quoted 3500 rupees / maund (37.324 kg) in November.
The ginning merchants in Gujarat believe that the average price of the open market may remain above the minimum price of 2010-11 years announced by the central government.
The textile Commissioner's office said that the minimum support price increase of 40% in 2008-09 is abnormal, and the minimum supporting price in 2010-11 years needs stability.
This may lead farmers to sell cotton to unofficial traders rather than sell them to government agencies.
- Related reading
Surplus Of Low End Products: Alarm For Supply And Demand Of Polyester Industrial Yarn
|- News and information | Xiangshan Inspection And Quarantine Bureau Actively Refers To Shoe Enterprises To Improve Their Quality.
- News Republic | The Hardships Of YOUNGOR'S "Hemp Family"
- Campaign promotion | The Ninety-Eighth Footwear And Leather Goods Fair Will Be Held On 18 Th This Month.
- Female attractions | The Hardships Of YOUNGOR'S "Hemp Family"
- Footwear industry dynamics | Baofeng Shoe Industry Is In Shanghai World Expo To Show "Tide" Culture.
- Brand recommendation | Haining China Leather City
- financial news | Shanghai Intends To Levy Property Tax
- financial news | The State Council Approved The Four Line Refinancing Scale Of 287 Billion
- Footwear industry dynamics | Taiwan Funded Enterprises, Henan, Xuchang, Longgang Shoe Industry
- Business management | No &Nbsp, Fuling Pickled Mustard Tuber Is Going To Be Listed Again.
- Introduction To Stocks: Which Stocks Are More Likely To Be Financed?
- Men Will Never Pay Attention To Women'S High-Heeled Shoes!
- Small Trick To Solve Everyday Puzzles
- How Can Apparel Industry Seize Opportunities Under The Penetration Of E-Commerce?
- Review: Cotton Price Peak Or Re Docking
- After The Shoe Market Became Popular, It Encountered Shanzhai.
- "Big Manufacturing Country &Nbsp, Small Brand Country" Is In The Sense.
- Textile And Garment Industry In Changzhou Promotes The Scale And Quality Of Industrial Platforms
- In 2010, EU'S Recall Of Chinese Clothing Products Increased By 6.2%.
- Exclusive Interview With CEO Zhang Zhiyong: Is Lining Changing His Bid To Look Younger?