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India has acquired 5.201 million tons of cotton, cotton prices are stable

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India has acquired 5.201 million tons of cotton, cotton prices are stable

  • Categories:Industry News
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  • Time of issue:2011-07-20 12:30
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India has acquired 5.201 million tons of cotton, cotton prices are stable

  [Weaving Network News] According to the statistics of the State-owned Cotton Corporation of India (CCI), as of July 3, the purchase volume of seed cotton in India was 30.594 million bales (5.201 million tons), an increase of 5% compared with the same period last year.

  Domestic cotton prices in India have remained stable, and ginners have raised the price of Rs 38,000-40000/candy (equivalent to 105-114 cents/lb).

  According to the Meteorological Department, the southwest monsoon has already passed through Gujarat in advance. The Ministry of Meteorology pointed out in the morning on the 6th that the west end of the monsoon trough has shifted southward, while the east end has moved southward normally. It is predicted that thunderstorms will usher in Maharashtra, Madhya Pradesh, eastern Rajasthan and Gujarat in the next few days, and local rains in Gujarat and Maharashtra will be heavily rained early next week.

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