expected surplus next financial year, cotton yarn number 845 million kg. In the Saturday meeting, the Committee decided Cotton Advisory Committee is expected to next year's cotton acreage from 11.1 million hectares to 11.2 million hectares on the basis of the number of predicted excess yarn.
year ending September deadline, cotton production increased 37%, from 29.5 million raised to 31.2 million packets packs of 170 kg, the Commission subsequently increased the number of cotton available for export. However, earlier, Cotton Advisory Committee 2010-11 cotton production from February's 32.9 million packages forecast down to 31.2 million packs (1 pack = 170 kg). Cotton Advisory Committee's task is to detect the domestic cotton prices and the market.
recent months the amount of cotton and yarn prices have risen 10% against the domestic demand. Nearly two months, cotton prices rose to 60,000 rupees from 42,000 rupees / candy (356 kg) and then stabilized at around 58,000 rupees.
cotton weaving factory is the main raw material, the recent rise in cotton prices, resulting in weaving factories across India worried. Textile Minister also expressed concern about rising cotton prices, he said, high cotton prices have a negative impact on the textile industry, although the government has taken several measures. The central government of the national handloom industry implemented a series of programs. The government has taken various measures to curb the rise in cotton prices, such as restrictions on exports of cotton and cotton yarn, yarn rebate cancellation, revocation cotton yarn exports 7.67% of DEPB incentives. Federal Ministry of Textiles announced that cotton exports this fiscal year cap of 720 million kg. The first half of this fiscal year, cotton yarn exports surged 35 percent this year, is expected to more than 800 million kg, compared with last year exported 589 million kilograms.
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