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India’s new flower acquisitions lag % year-on-year



India’s new flower acquisitions lag % year-on-year According to the latest statistics from the Cotton Corporation of India (CCI), as of February 5, India has purchased a tota…

India’s new flower acquisitions lag % year-on-year

According to the latest statistics from the Cotton Corporation of India (CCI), as of February 5, India has purchased a total of 18.213 million bales of seed cotton and lint cotton this year (3.096 million tons), compared with 20.437 million tons (3.474 million tons) in the same period last year, which is a year-on-year decrease of 11. %; the gap the previous week was 14%.

The gap between the two years is mainly due to Maharashtra. The cumulative purchase volume this year was 3.612 million bales (614,000 tons), compared with 5.155 million bales (876,000 tons) in the same period last year, a difference of 30%.

Insufficient supply of high-grade cotton and strong export demand have supported domestic cotton prices in India. In addition, cotton farmers are reluctant to sell, especially high-grade cotton, hoping to obtain better profits.

Yesterday, the delivery price at Shankar-6 ginning factory was 36,700-36,800 rupees/candy, an increase of about 700 rupees from last Friday. The rupee has risen against the US dollar, so the current delivery price is about 96.75 cents/pound, which is about 4 cents higher than last weekend.


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