In the week of February 13, the purchase volume of Indian cotton was less than 1 million bales, which was an increase compared to the weekly purchases since November.
According to statistics from India's state-owned cotton company, as of the 13th, the total amount of Indian seed cotton purchased was 21.456 million packs (3,647,500 tons), which was 5.6% more than the 20.32 million packs (3.4544 million tons) in the same period last year. Recently, some forecasting agencies (including Cotlook) projected India's production this year to be lower than the 3,900,000 bales (5,593,000 tons) expected by the official Indian Cotton Advisory Committee.
According to statistics from India's state-owned cotton company, as of the 13th, the total amount of Indian seed cotton purchased was 21.456 million packs (3,647,500 tons), which was 5.6% more than the 20.32 million packs (3.4544 million tons) in the same period last year. Recently, some forecasting agencies (including Cotlook) projected India's production this year to be lower than the 3,900,000 bales (5,593,000 tons) expected by the official Indian Cotton Advisory Committee.
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