India's export of 2011/12 cotton (23460, -100.00, -0.42%) fell due to insufficient precipitation to squeeze plantings.
Comprehensive media on July 6 news, India's cotton exports in 2011/12 is expected to be less than the previous year's 6.5 million tons, due to insufficient precipitation to reduce the sown area.
India is the second largest cotton producer and exporter in the world.
Due to the high price of cotton, the initial estimate for 2011/12 cotton planting area was expanded by 15%, but the scarcity of precipitation in the main producing areas may prompt the conversion of soybeans (4236, -11.00, -0.26%) to corn (2291, -0.2%). , -0.04%) and other crops, and cut cotton yields.
India is the largest cotton exporter in Asia and exports to China, the world’s largest consumer of cotton. In 2010/11, cotton production in China, Pakistan, and Bangladesh was affected by adverse weather, and India’s cotton exports helped to stabilize international cotton prices.
According to data released by the International Cotton Advisory Committee (ICAC), global cotton exports in 2010/11 were about 36 million bales, and global production was 114 million bales.
In the current cotton year that began in October, Gujarat Province, Maharashtra Province in the west of India and Andhra Pradesh in the south account for over 75% of the country's total production. Data from the Bureau of Meteorology showed that rainfall in three provinces was scarce in June.
Comprehensive media on July 6 news, India's cotton exports in 2011/12 is expected to be less than the previous year's 6.5 million tons, due to insufficient precipitation to reduce the sown area.
India is the second largest cotton producer and exporter in the world.
Due to the high price of cotton, the initial estimate for 2011/12 cotton planting area was expanded by 15%, but the scarcity of precipitation in the main producing areas may prompt the conversion of soybeans (4236, -11.00, -0.26%) to corn (2291, -0.2%). , -0.04%) and other crops, and cut cotton yields.
India is the largest cotton exporter in Asia and exports to China, the world’s largest consumer of cotton. In 2010/11, cotton production in China, Pakistan, and Bangladesh was affected by adverse weather, and India’s cotton exports helped to stabilize international cotton prices.
According to data released by the International Cotton Advisory Committee (ICAC), global cotton exports in 2010/11 were about 36 million bales, and global production was 114 million bales.
In the current cotton year that began in October, Gujarat Province, Maharashtra Province in the west of India and Andhra Pradesh in the south account for over 75% of the country's total production. Data from the Bureau of Meteorology showed that rainfall in three provinces was scarce in June.
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