India Cotton Corp Increases Purchase Volume
India cotton The company may buy 10 million bales of cotton in October 2008 and April 2009, a record high. Subhash Grover, managing director of India Cotton Corp, said it was the largest in the company's history. Buy amount 。 In October 2007 ~2008 September, the total number of acquisitions was only about 1 million bales.
In October 2008, India raised the minimum support for cotton. Price The purchase price per 100 kg is 2500~3000 rupee. Purchase determined according to cotton grade Price The execution time was from ~9 October 1, 2008 to 30, last year, the lowest supporting price was 1800~2030 rupee /100 kg. The lowest supporting price is higher. market price Therefore, private cotton traders did not buy Cotton in large quantities.
Subhash Grover said that the daily arrival rate of the India market is 125 thousand bags of ~13.5 packages, of which Cotton Corp has acquired 75 thousand packages, and the national agricultural cooperative marketing alliance has acquired 25 thousand packages of ~3 million packages.
Up to now, India cotton The company has acquired about 8 million bales of cotton and sold about 2 million 300 thousand bales of cotton in the domestic market.
Editor in chief: Xu Qiyun
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