本网编译：印度棉花出口将增多

India’s Cotton Shipments to Rebound as ‘Worst Over’
By Thomas Kutty Abraham
March 18 (Bloomberg) -- Cotton sales from India, the world’s second-biggest grower and exporter, may rebound starting June as demand for textiles revives and a weak currency makes shipments attractive, the nation’s biggest buyer of the fiber said.
Exports may total 5 million bales by September, said Subhash Grover, managing director of the Cotton Corp. of India. Shipments slumped to 800,000 bales of 170 kilogram each in September-March period from 6 million bales a year earlier, he said.
“The worst is over for the textiles sector,” Grover said in a telephone interview in Mumbai today. “Private textile mills are buying as demand for cotton yarn and garments seem to be picking up in India and globally.”
Increased supplies from the South Asian nation may weigh on cotton prices that have fallen 43 percent in the past year in New York amid concern the global slowdown will slash demand for the commodity. Global demand will total 111.1 million bales in the year ending July, down 9.5 percent from last season, the U.S. Department of Agriculture said on March 11.
Cotton futures for May delivery rose as much as 0.5 percent to 43.07 cents a pound on in after-hours electronic trading on ICE Futures U.S. in New York. Cotton has climbed 3.2 percent so far this month.
“Global production is less than last year and consumption seems to have picked up in the past 20 days or so,” Grover said. “Prices may rise to such a level in the lean season that Indian exports will become feasible.”
Global output will fall to 108.65 million bales from 109.51 million bales projected in February because of smaller crops in China and Pakistan, according to the USDA. Production in the previous season was estimated to be 120.55 million bales.
Weak Rupee
A drop in India’s rupee may boost export prospects in the coming months, Grover said. The currency reached a record low on March 3 and has a fifth of its value in the past year as concern about a deepening global recession prompted investors to pull out funds from emerging markets in favor of safer bets.
“Rupee is weakening day by day and if international cotton prices go up by 2 to 3 cents in the next two months, then larger exports will take place,” Grover said.
India’s cotton production may be slightly’ more than the 29 million bales estimated by the nation’s Cotton Advisory Board last month, Grover said. Farmers have sold 25.5 million bales of cotton since the cotton season that began on Oct. 1, he said.
Cotton Corp. may purchase 9.5 million bales by September from farmers at the government-guaranteed prices and plans to sell to mills and exporters, Grover said. It has sold 4.7 million bales already.

                                                                                                 印度棉花出口将增多
作者：托马斯亚伯拉罕库蒂
      3月18日（彭博）——印度是上棉花的第二大生产国和出口国。。。印度大的棉花买家说，，，印度的棉花销售可能会在6月份回弹，，，由于纺织行业苏醒，，，钱币市场疲软将会刺激棉花出货量的增添。。。
      苏巴格罗弗，，，印度棉花公司的执行董事体现，，，今年9月的棉花出口总额将抵达500万包。。。去年9月到今年3月的棉花出口额下滑至80万包（每包170公斤），，，而一年前的数据是600万包。。。
       “纺织行业坏的时期已经已往，，，” 格罗弗今天在孟买接受电话采访时说。。。“由于棉纱和服装的需求加大，，，私人纺织厂在印度和规模内的购置力增多。。。”
      美国农业部3月11日宣布，，，南非地区棉花供应量的增添可能会拖跨棉花价钱。。。纽约市场由于担心经济放缓将导致日用品需求下降，，，棉花价钱在已往的一年里下降了43%。。。到去年7月，，，棉花一年的需求总额抵达1.111亿包，，，比上一年度下跌9.5%。。。
      在ICE美国纽约期货生意所棉花期货市场上，，，棉花09年5月合约报收于每磅43.07美分，，，上涨0.5个百分点。。。棉花期货本月以来已经上涨了3.2个百分点。。。
      “产量相比去年大幅降低，，，而印渡已往20天的销量有显着好转的趋势，，，” 格罗弗说，，，“棉花价钱可能上涨到以前淡季的水平，，，同时印度的出口额会有所增添。。。”
      据美国农业部报道，，，由于中国和巴基斯坦农作物的生产镌汰，，，产量2月份预计将抵达1.0951亿包，，，现实可能下降到1.0865亿包。。。上年度预计生产棉花1.2055亿包。。。
      卢比贬值
      格罗弗体现，，，印度卢比贬值将在以后几个月中促收支口额增添。。。在3月3日，，，卢比抵达了创纪录的低值。。。在已往的一年中，，，卢比贬值20%。。。由于经济衰退加剧，，，投资者重新兴市场撤出资金，，，转而投向赚钱系数高的行业。。。
      格罗弗说： “卢比天天都在贬值，，，若是国际棉花价钱在接下来两个月内上涨2至3美分，，，印度将取代中国，，，成为大的棉花出口国。。。”
      天下棉花咨询委员会上个月预计，，，印度的棉花产量可能会微超29万包，，，格罗弗说。。。棉花的销售旺季从10月1日最先，，，到现在为止，，，农民已经出售了2500万包棉花。。。
      印度棉花公司将从9月最先向农民收购棉花，，，以政府收购棉花的价钱，，，预计收购950万包，，，格罗弗说，，，现在它已售出470万包棉花。。。

AA4353466DG

免责声明：

免责声明：本站宣布的有些文章部分文字、图片、音频、视频泉源于互联网，，，并不代表本网站看法，，，其版权归原作者所有。。。若是您发明本网转载信息损害了您的权益，，，若有侵权，，，请联系好博体育，，，我们会尽快更改或删除。。。