कुल पेज दृश्य

03 मार्च 2016

Pakistan Buys 50% Cotton Exported So Far From India




This year cotton price in India has decreased by 3% from the beginning of this year while global price improved 9 percent since then.The sliver lining is that export from India is improving and it may lend some support to cash market fundamentals.India's exports in the current crop year that started in October 2015 could rise to 7 million bales, up from 5.77 million bales a year ago, due to good demand from Pakistan. Notably flooding in Pkistan had badly impacted standing crop in Pakist in 2015.Out of 40 lakh bales Pakistan has imported 50 % from India so far.According to Cotton Association of India estimates total cotton supply for the season 2015-16 at 449.65 lakh bales while the domestic consumption is estimated at 315 lakh bales, thus leaving an available surplus of 134.65 lakh bales. 

कोई टिप्पणी नहीं: