India is the second largest cotton exporter and producer in world as well no.1 in Asia, mainly supply fibre to china also.
cotton industry seeking a 15% jump in cotton price in year 2011-12 expecting but still monsoon indication badly affected production of cotton may a worry concern in between cotton exporters
total production of cotton 75% production shared by three state Mahrastra,Gujarat and Andra pradesh.
sources says if monsoon not positive in 10-15 days its very harm full for cotton manufacturer of India so production will go down and raw cotton price risen more.
cotton industry seeking a 15% jump in cotton price in year 2011-12 expecting but still monsoon indication badly affected production of cotton may a worry concern in between cotton exporters
total production of cotton 75% production shared by three state Mahrastra,Gujarat and Andra pradesh.
sources says if monsoon not positive in 10-15 days its very harm full for cotton manufacturer of India so production will go down and raw cotton price risen more.
so total impact on cotton industry will be worse on short rainfall on export also.
source: financial express
No comments:
Post a Comment