India'S Cotton Is Being Shipped To China'S &Nbsp; Cotton Export Volume May Be Loose.

Mehta, chairman of Bhadresh trading Limited by Share Ltd (BTC), said that most of the goods are being shipped to China because of the strong demand in China. (Bhadresh) Mehta

This company is large cotton in India.

China is the world's largest importer of cotton and China's production is expected to decrease. Therefore, China has offered attractive prices, which has benefited two largest cotton exporters in India and the United States.

He said that at least the first three weeks of the export began, most of the goods were shipped to China.

Three exporters said that demand from Bangladesh, Pakistan, Taiwan and Vietnam was regarded as the second choice to meet the early number of contracts signed by Chinese buyers.

It is said that in order to meet the requirements of the domestic textile industry, Chinese buyers bid more than 1.25 dollars per pound.

Mehta said, however, the contract price at an earlier time was between 0.9 yuan and 1.25 yuan per pound.

Two exporters said that the price of cotton signed in December was 1.30-1.35 dollars / pound.

India postponed the export of cotton in 2010/11 for a month, until November 1st, because the rain in cotton growing areas delayed the arrival time of cotton.

The cotton season in India usually begins in October.

India has registered and permitted to export 5 million 500 thousand bales of cotton (170 kg / pack) to meet domestic demand.

On Friday, India exporter Mehta exported 8000 tons of cotton to China.

Next week, the company will continue to export 15000 tons of cotton.

BTC has registered 77000 tons of export cotton.

Cotton exporters in India are lobbying the government to expand the export quota of cotton because of the bumper harvest of cotton this year, and cotton production in India is expected to record a record of 35 million bags in 2010/11.

"We have a bumper harvest this year.

Output is expected to reach 36 million packages. Once the number of daily arrivals reaches 250000 packages in mid November, reaching 300000 packs in December, the government may expand the volume of cotton exports, "Mehta said.

India will review cotton export policy in December.

At present, the number of cotton arrived is about 200000 bales.

As of October 30th, the number of goods arrived was 2 million 110 thousand packs, compared with 1 million 720 thousand packages in the same period last year.

India is the second largest cotton producer and exporter in the world. The largest domestic volume of cotton trade is 41600 rupees / candy (356 kg), an increase of about 80% over the same period last year.