Low Yield And High Price Of Cotton Affect Export In India

According to foreign reports, due to the continuous hot and dry heat in the main cotton producing area in India in 10-11 this year, the dry fields of the non irrigated fields are suffering, so the cotton yield per unit in Gujarat and Maharashtra will obviously decrease.

At present, cotton growers in India are reluctant to sell, and the harvest of new cotton is progressed slowly.

India Cotton Advisory Committee expects that cotton production in India will be 5 million 355 thousand tons this year.

The head of the India Cotton Corp said that this year, the India government increased the minimum supporting price of cotton to 48% in order to protect the interests of domestic cotton farmers, which made India's export quotas lose its advantages. At present, the export of new cotton is very slow.

From the point of view of India, textile mills are reluctant to purchase large quantities of cotton, and cotton traders are reluctant to buy them at a high price.

The head of the India textile industry alliance said that the rise in cotton prices in India has caused great trouble to India's textile industry. The rising cost will make India textiles lose its export competitiveness.