Wet weather in Gujarat state in India causes damage to cotton

Wet weather in Gujarat state in India causes damage to cotton

In the past two days, there was unfavorable rainfall in Gujarat, India, which produced Shankar-6. At present, the weather is still not clear, and wet weather may cause damage to some cotton. Parts of the states of Madhya Pradesh, Andhra Pradesh, Maharashtra and Tamilnadu are cloudy with rain.

Affected by the international cotton market, India's domestic cotton prices have dropped back. The latest pick-up price for Shankar-6 was reported at 46,000-46,300 rupees/candy, down by about 600 rupees from the previous day; the discount price was 131.6 cents/lb, down 170 points.

According to news reports, the Ministry of Agriculture of India recently hinted that it may increase the export volume of cotton on the basis of the previously set 93,000 tons. However, Minister of Textiles Dayanidhi Maran said that domestic cotton supply is insufficient and should not increase exports.

The Indian government has received a number of opinions from several textile associations and industries, requesting that the implementation date of the cotton export contract be postponed until January 2011. They stated that according to the monthly export quota, the export volume is very alarming, 1.5% of the export should be cancelled. Incentives.

A minister from India stated that the government has implemented cotton security policies for the 2010-11 cotton year, including the following measures:

1) Registered cotton export contract from October 1, 2010.

2) Actual export starts on November 1, 2010.

3) Determine exports of 5.5 million bales of excess cotton.

4) In addition to registering surplus cotton for export, no export contract will be registered.

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