International Cotton Daily: Pakistan India Cotton Imports Postponed

On the 28 day, the US dollar index weakened, ICE cotton continued to decline, and all contracts rose slightly.

1612 contract settlement price 73.27 cents / pound, up 62 points; main 1703 contract settlement price 72.02 cents / pound, 77 points; 1705 contract settlement price 72.52 cents / pound, 62 points.

28, the main contract in early trading trend fell, but after buying intervention to increase the contract price, the highest price of 72.30 cents on that day, before the closing day in the trend interval high trading.

According to the weather forecast, this week Dezhou has rainfall or snowfall. At present, the cotton picking rate in the United States reaches 77%, an increase of 10 percentage points from last week.

On the 28 day, the CotlookA index fell 79.80 points, or 40 points.

On the 28 day, the imported cotton price index FCS reported 83.74 cents / pound, down 35 points; FCM reported 80.70 cents / pound, down 38 points; FCL reported 78.77 cents / pound, or 32 points.

25 days ICE cotton fell down dragged down 28 spot spot slipped slightly.

There are few enquiries in Asian markets, including China, Bangladesh, Vietnam and Indonesia.

It is understood that Bangladesh signed part of the United States cotton, Uzbekistan cotton.

Because of domestic

The incident continued. Recently, the Department responsible for crop protection of the Ministry of food security of Pakistan has orally ordered the procedures for stopping the import of cotton. The approval process for India cotton imports has been delayed for three days.

It has been reported that many textile exporters in Pakistan imported cotton and chemical fibers from India at the same time. Some companies imported cotton without permission.

Before, due to the tense relationship between India and Pakistan, Pakistan has cancelled the free importation of cotton.

According to statistics, as of November 15th, the new cotton market in Pakistan reached 1 million 490 thousand tons, and the target output was 1 million 877 thousand tons.

The government of Pakistan said the final production figures will be fixed in mid January next year, and the actual output is expected to reach expectations.

Meanwhile, the cabinet of Pakistan said that it would prohibit the duty free import to protect the interests of domestic cotton farmers.

And it will be modified only after the cotton has been digested.

Pakistan Bureau of statistics data show that in October this year, Pakistan imported 18 thousand and 600 tons of cotton, an increase of 164.76% over the same period, an increase of 29.89%.

7-10 months of this year, Pakistan accumulative total

63 thousand and 800 tons, an increase of 83.4% over the same period last year.

In October, Pakistan exported 7033 tons of cotton, an increase of 68.41%, a decrease of 10.84% over the same period last year.

In 7-10 months, the total export volume of cotton was 17 thousand and 300 tons, down 60% from the same period last year.

In October, the export volume of Pakistan's cotton yarn was 45 thousand tons, an increase of 34.4%, an increase of 11.78% over the same period last year.

The export volume of cotton yarn in 7-10 months was 161 thousand and 800 tons, down 1.9% from the same period last year.

India S-6

The delivery price has been stable for 4 consecutive days, maintaining 39250 rupees / candi (72.85 cents / pound) for 28 days, and reducing Punjab J-34 to 4110 rupees / Moore (72.70 cents / pound).

At present, there are 19 thousand and 600 tons of cotton lint on sale locally, including 5 thousand and 100 tons in Gujarat and 6 thousand and 800 tons in Maharashtra.

By the week of November 26th, Egypt signed 1823 tons of long staple cotton, of which 86 were (781 tons), 90 were (540 tons), 94 were (500 tons), and 45 were 45 (2 tons).

Egypt has signed a total of 19651.2 tons of long staple cotton this year, of which 6787.7 tons have been shipped.

At present, India has signed 11409.7 tons of long staple cotton, accounting for 58% of the total contract volume.

The price of delivery in Pakistan ginning factory was 6300-6500 rupees / mod, an increase of 100 rupees / Moore, 4500-5500 rupees / Moore, than last Friday.

It is understood that some of the shipment of Pakistan India cotton can not be cleared at present, local textile enterprises anxiously await the results; India side to Pakistan big row "agricultural products" export ban.

Taking all these factors into account, cotton growers and ginning plants in the upper reaches of Pakistan will boldly increase the price of new flowers while India cotton exports are supplied with a "chain breaking" mechanism.

According to the Minister of food safety and research of Pakistan, Pakistan will not allow the import of duty-free cotton in order to protect the interests of its own cotton farmers. The import tax of cotton will only be adjusted only after all the new flowers of Pakistan real estate are sold.

The relevant rules and regulations will be promulgated within 2 months after the Pakistan breeder rights legislation is established.