India is likely to export nearly one-fifth less cotton than previously estimated as pink bollworms are set to eat into the south Asian country's output which was expected to hit a record, industry officials told Reuters on Thursday. Lower exports from the world's biggest producer will help its rivals like the US, Brazil and Australia to raise their exports to Asian buyers like Pakistan, China and Bangladesh. "This year exportable surplus will be around 6 million bales. Production estimates are revised down due to the pest attack," said Nayan Mirani, a partner at ...
India cotton exports to drop as pink bollworms eat crop
Lower exports from the world's biggest producer will help its rivals like the US, Brazil to raise their exports to Asian buyers