India Cotton Will Withdraw From The World Market

There are only two problems that worry India's cotton market.

Look at the time limit.

The final shipment date is December 15th.

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,

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, which is now registered.

After that, they need to increase exports.

Although the government depicts larger blueprints, exporters who fail to fulfill their export contracts are very uncomfortable. They hope to have second export opportunities.

Who knows how long it takes for cotton picking time to go up and rain?