The US Department Of Agriculture Reports That Cotton Exports In India Dropped By 36% As Of June.

< p > recently, according to a research report released by Gherzi, a consultancy based in Zurich, in the past 10 years, the competitiveness of India cotton < a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > compared to 6 rival countries (including China, Bangladesh and Thailand) has increased. The latest US Department of agriculture report indicates that in the first 11 months of this year (up to June), India's cotton exports dropped by 36% to 9 million 140 thousand packs.

< /p >

< p > from August 2012 to July, the competitiveness of India in the field of technology upgrading, manufacturing costs and exports increased in the year of cotton sales in July.

The US Department of agriculture preliminary estimates that by the end of June, India's cotton exports reached 9 million 100 thousand packages (1 =170 kg).

In contrast, between August 2011 ~2012 and July, India exported 13 million 910 thousand cotton packages.

According to a report released by the India food and Agriculture Organization for economic cooperation and development (OECD-FAO), India will replace China as the world's largest cotton producer by 2022 due to the increase in cotton production in India in the next 10 years.

The report said that China's cotton production is expected to decline by 17%, while India's cotton production is expected to grow by 25%, making India the world's largest cotton producer.

< /p >

< p > but the growth rate of cotton yield per unit area in India has slowed down compared with the previous 10 years.

According to statistics from the Federal Ministry of agriculture of India, cotton production in India in July 2012 ~2013 was 33 million 800 thousand packs in June, slightly lower than last year's 35 million 375 thousand package (figures released by India Cotton Association).

Although a slight decrease, the expected output is still rising.

According to most studies, India's cotton consumption will increase more than other countries, not only in terms of output.

When India takes the place of China to become the world's largest cotton producer, India's cotton textile industry will be more competitive and its consumption will be further improved.

< /p >

P cotton cotton industry has always been faced with a problem is that cotton traders hoarding cotton, causing cotton prices to rise.

Different stakeholders in the cotton industry want India Cotton Corp to put stock into the domestic textile mill.

However, the India Cotton Corp believes that cotton prices in India respond to higher international market prices for most of the time.

If the gap between domestic and foreign cotton prices narrowed, it would be a good omen for farmers.

When the sowing time and weather are good, the price will drop.

Some analysts and some traders believe that the current sowing progress in India's cotton producing areas may lead to a decline in cotton prices in the next few weeks.

< /p >