The India Government Implements The Salvation Plan To Stabilize The Cotton Market.
India The government announced a rescue plan to ease the pressure on the dramatic increase in textile production costs. Meanwhile, the government has made it clear that it will not substantially reduce. cotton Minimum purchase price. India cotton People in India said that raising the minimum supporting price of cotton significantly increased domestic cotton prices and prompted India textile mills to import cheap cotton and reduce India's cotton exports to about 850 thousand tons. Some cotton traders have begun importing cheap Pakistan cotton.
according to U.S.A According to the analysis of the agricultural counsellor, the export volume of cotton in India in 2008/09 is expected to be reduced to 1 million 110 thousand tons.
According to statistics, by the middle of November, the total volume of new cotton exports in India was less than 20 thousand tons, compared with 27-30 tons in the same period last year. At present, India cotton The price of some varieties is 12-15% higher than that of the international cotton price.
According to the latest news in December 8th, the India government recently announced a plan to stimulate consumption and exports and maintain economic growth, including an additional 200 billion rupees (about US $4 billion), possibly including a promotion plan for cotton exports.
At present, the details of the plan have not yet been announced, but it is rumoured that the government may promote export of cotton by way of export tax rebate.
Editor: vivi
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