Cotton Farmers In India Ask For Increased Export Quotas

When the deadline for cotton exports ended in December 15th, farmers' organizations sought to increase. Cotton export quotas From the current 5 million 500 thousand packs (1 packets of =170 kg) to 9 million packs.

The request to raise the export ceiling of cotton was put forward at a meeting held in Delhi on Monday with the Agriculture Ministry Ladd Changsha.

　　 Cotton grower It is feared that if cotton export quotas do not increase, cotton prices may drop sharply, as this will lead to an increase in domestic market supply.

Patel, an experienced farmer leader, said that increasing export quotas would inevitably avoid a sharp increase in cotton industry in the domestic market.

To prevent cotton prices from rising in the domestic market, India The federal government restricted the country's cotton exports to 5 million 500 thousand packs, which began in December 1st and terminated in December 15th. However, most industrial owners believe that the time limit set by the government is very short for the implementation of the export of 5 million 500 thousand bales of cotton, which is practically impossible.

As a result of export quotas, cotton prices have been under pressure. Cotton prices have dropped from 47500 rupees / Candy in October to 400 million rupees / Candy. Industry experts believe that if more cotton can not be allowed to export, then cotton prices may fall again.

The demand for more cotton exports comes from the fact that India has achieved fairly good cotton production in the cotton season.

Similarly, the price of cotton in the international market is higher than that in the domestic market. At present, the price of the global market is hovering at 125 cents / pound, about 48000 rupees / Candy.

According to industry estimates, the output of cotton in India is about 3300-3400 bales. However, the India government's estimate of cotton production is no more than 32 million 500 thousand bales.