According to the latest forecast by the US Agricultural Counselor, India's cotton production in 2017/18 is expected to reach 30 million bales (480 pounds per pack), an increase of 1 million over the previous month's forecast. 2017/18 annual total supply of cotton in India is about 43.34 million bales, total consumption of 28.7 million bales, ending stocks 14.64 million bales, inventory consumption ratio of 51.02%, the highest level for nearly nine years.

As of September 7, India's cotton cultivation has been basically completed, planting area reached 12.098 million hectares, an increase of 19%. As of September 12, India's cumulative rainfall is still less than 6%, of which the eastern and northeastern regions continue to rain, northwest, central and southern rainfall than the normal value of less than 8%, 10% and 3% The

Last week, India's MCX futures contract on October 17 trading weak, the price fell to Rs 18300 / bag, is expected in the short term will continue in the 18300-183 rupee range shocks, or have the possibility of test 18888-19015 rupees.