Grab the market share of Indian cotton to make US cotton more and more "injured"

After the Spring Festival, domestic cotton began to undergo a deep adjustment and fell back from a high of more than 33,000. Thus far, over half of the gains have been wiped out. Many discussions in the industry, pessimists talk about the collapse of the cotton market, optimists are gearing up for the bargain-hunting. After the boom, the market returned to calm. When the cotton market is self-adjusting, we should also calm down from the madness of blindly chasing and killing. When prices are no longer extremely sensitive to any sporadic factors such as climate, corruption, speculation, etc., as participants in the long-term layout of the cotton market, we may need to deepen our thinking and strengthen our overall understanding of the market from the global supply and demand situation. It captures the main tone of industry fluctuations, makes more reasonable judgments on prices, and does not passively become a herd of herding. For China, whose annual import volume is close to half of its output, the impact of cotton imports and exports is particularly important. For a long time, the market has relatively deep understanding of the United States, the first target of cotton imports, and the US Department of Agriculture regularly publishes output forecasts. Weekly sales figures, etc., are all deeply concerned by the market. However, knowledge of the second largest import target, the Indian cotton market, may be relatively shallow. This article will analyze its impact and role on the international cotton market from the operation of India's indigenous cotton industry, its production in recent years, planting technology levels and national policies.

India is the second largest cotton producer and consumer in the world. India's cotton planting area has ranked first in the world since the 1950s. In 2010, its planting area reached 10.6 million hectares, which is almost double the cotton planting area in China. With the popularization of insect-resistant cotton, transferable cotton and other fine varieties, and the constant increase of cotton planting technology by cotton farmers, the potential for increasing production cannot be underestimated. China's imports of Indian cotton are second only to US cotton. With the increase in Indian cotton imports, more and more cotton traders and textile companies in the country are paying attention to India.

The cotton and textile industries have occupied an important position in India since ancient times. India is one of the first countries in the world to have a large-scale textile industry, and its large number of exports have also spawned other countries in the world to develop large-scale textile industries. The textile industry is India's largest industry after agriculture, with 35 million people involved in related work. India's textile industry has been greatly promoted due to its accession to the WTO, especially since the end of 2004 after developed countries gradually canceled the Multifiber Arrangement (MFA) commitment on import quota restrictions. In 2003/2004, India’s domestic cotton consumption level increased significantly by 35%, from 13.5 million bales to 22.5 million bales expected in 2009/2010. India has now become the third largest exporter of cotton-related products in the United States. Its cotton-related products exported to the United States account for 10% of the total imports of such products in the United States. At the same time, India’s domestic economy has also achieved a leap-forward development in the past 10 years, driving the rapid expansion of local apparel-related industries.