India/degree cotton exports expected to decline
India’s 2011/12 cotton (23475, -85.00, -0.36%) exports are expected to decline due to insufficient rainfall squeezing the sown area.
Comprehensive media reported on July 6 that India’s cotton exports in 2011/12 are expected to be less than the 6.5 million tons of the previous year, due to insufficient rainfall that reduces the sown area.
India is the world’s second largest cotton producer and exporter.
Due to high cotton prices, the initial estimate for the cotton planting area in 2011/12 is to expand by 15%. However, the lack of precipitation in the main producing areas may prompt a shift to planting soybeans (4237, -10.00, -0.24%) and corn (2292 ,0.00,0.00%) and other crops, and reduce cotton yields.
India is Asia’s largest cotton exporter and exports to China, the world’s largest cotton consumer. In 2010/11, cotton production in China, Pakistan and Bangladesh was affected by adverse weather, while Indian cotton exports helped stabilize international cotton prices.
Data released by the International Cotton Advisory Committee (ICAC) show that global cotton exports in 2010/11 were approximately 36 million bales, and global production was 114 million bales.
In the current cotton year that started in October, the cotton production of Gujarat and Maharashtra provinces in western India and Andhra Pradesh in the south accounted for more than 75% of the country’s total output. Meteorological bureau data shows that rainfall in the three provinces was sparse in June.
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible. </p
