Indian cotton prices continue to fall

India's Cotton market has been quiet recently, the Secretary-General of South India Cotton Association K. N. Viswanathan said that the reason for the recent drop in the price of cotton in India is mainly due to the large number of cotton farmers selling their cotton in the hands and the demand for cotton from textile companies continuing to slump. At present, most of the southern processing plants have stopped production, and the textile industry is generally facing power shortages. On May 6, India's S-6 cotton traded at Rs 44,000/Kande, and on May 10 it dropped to Rs 41,000 to 42,000/Kande, and there was no transaction in the market. Viswanathan predicts that in the next month or so, India's new flower market will be listed at 0.77 million tons, and 2011/12 cotton production will be at 518.5-530.4 million tons.