Cotton Picking Time Is Postponed For 3 Weeks In Rainy Season In India.

India is the second largest cotton producer in the world, and the new cotton market in India has been postponed, leading to New York's highest price in 15 years on Monday.

The textile industry had expected that new cotton would arrive in the market this week, but,

India textile Commissioner A B Joshi told Reuters that new cotton in India has not yet been pported to the market in large quantities.

An official of the Cotton Advisory Committee said that the new cotton would probably arrive three weeks later than before.

According to the meteorological department data, the total precipitation in India is 26% higher than the normal precipitation in the week ending September 8th, but the precipitation in some cotton growing areas is 2 times that of the normal precipitation.

On Monday, the price of the most fragrant Carle -6 cotton rose by 2.7% to 38000 rupees / candy (356 kg), up by 70% over the same period last year.

India textile Ministry said that India has postponed the 2010/11 cotton export registration until October 1st, due to the textile industry's worries about the rise in domestic prices.

Comprehensive media September 15th news, India textile department said that India has postponed the 2010/11 cotton export registration to October 1st, due to the textile industry's domestic prices rising concerns.

India is the second largest cotton producer in the world.

Government officials have said earlier that export registration has been postponed for two weeks from September 15th.

India has permitted to export up to 5 million 500 thousand bales of cotton (1 packets =170 kg) in the year to September 2011.

However, rainfall may delay harvesting for at least three weeks, which is expected to help boost local prices and delay exports to buyers in China and Pakistan.

Shankar-6 cotton prices hit a record high of 38000 rupees per crown on Tuesday, up nearly 70% from the same period last year.