India'S Cotton Stocks Are In Danger In December.

India

The government set this year.

The export quota is 5 million 500 thousand packs, and the export registration has ceased.

Among them, the office of the Commissioner of textiles has approved the export of 5 million 200 thousand bales of cotton.

(CITI) secretary general DK Nair said that of these 5 million 200 thousand packages, 90%

It will be exported to four countries.

These four countries are India's competitors in the global textile value-added market.

He said, according to

The Advisory Committee estimated that 4 million 50 thousand packages were carried out last year and that the number of new cotton processing was about 600-650 million by the end of November.

Therefore, as of the end of November, India may have a total of 1000-1050 bales of cotton.

He said, in these

Among them, 5 million 500 thousand packages are bought by exporters. If they export 5 million 500 thousand bales of cotton according to the export registration requirements, they will have 4 million 500 thousand cotton packages in the two months according to the current trend in December 15th.

Therefore, in the early December, there might be only about 500000 bales of cotton in India, and there must be 500-560 million bales of cotton in the country, so it is clear that the supply of cotton is in an unstable state.

He said,

The largest importing country is

In the 5 million 500 thousand package export volume, about 4 million 800 thousand bales of cotton are exported to these four countries, and they are the hardest competitors of India textile products in the global market. The export of cotton to these countries will have a very serious impact on India's textile and garment industry.