By admin       2018-03-28

ndian cotton exports were 183kt in Feb 2018, down 13.3% month on month, but up 45.2% year on year and the accumulative exports in 2017/18 (from Aug 2017 to Feb 2018) were 822kt, an increase of 6.6% year on year. In the first two months of 2018, exports totaled 394kt, up 7.2% year on year. In Feb, Australian and Brazilian cotton has not been harvested, U.S. cotton has been oversold, Chinese cotton was rarely for export and Pakistani cotton was mainly sold in domestic market. Indian cotton was still on arrival period, and it was buoyant season for Indian cotton to export. In the meantime, ICE cotton futures market moved lower and then rebounded, and Indian cotton futures market mainly followed the trend of ICE cotton, but was not that fluctuated. In terms of unit price of cotton, Indian cotton’s price edge was very obvious.

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