India's Cotton Arrival Volume Decreased By 30% In October Compared With The Same Period Last Year.

State owned India Cotton Corp official said the spot market in India was October. cotton The arrival volume dropped by 30%, due to non seasonal rainfall postponed cotton harvest.

Comprehensive media reported on November 8th, a state owned India Cotton Corp official said Tuesday that the spot market in India fell 30% cotton in October, due to non seasonal rainfall postponed cotton harvest.

The official said that as of October 30th, the quantity of cotton arrived in India was 1 million 480 thousand bales, weighing 170 kilos per pack, and 2 million 100 thousand bags in the same period last year.

"Northern India," he said. rainfall Postpone harvesting. At present, harvesting has accelerated, and the volume of shipments will increase significantly from next week, especially from Punjab, Maharashtra and Gujarat. "

India is the second largest cotton producer and exporter in the world, and the National Cotton Advisory Board (CAB) estimates that in the new market year beginning in October, the output of cotton will reach 35 million 500 thousand packs, higher than the 32 million 500 thousand package of the previous year.

Textile Commissioner A.BJoshi said in August 30th that India could export 7 million bales of cotton in 2011/12, unchanged from the previous year.

CAB will meet next Tuesday, which will provide new information on recent rainfall. yield Estimate.

"Rainfall in some areas destroyed cotton crops," the official said. We do not know the extent of the damage. Next week, CAB will gather information from different regions and will provide new output estimates. "

The largest consumer of cotton in India is China, and is also the main supplier of cotton to neighboring Pakistan and Bangladesh.

InternationalCottonAdvisoryCommittee (ICAC) said on Monday that China could increase its cotton imports by more than 22% by the year July 31, 2012.