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Cotton exports from India came to a halt

Textile commissioner earlier said cotton exports this year will be 7 mn bales vs 12 mn bales last year

Cotton exports from India came to a halt as cotton prices have turned unviable for exports. Prices in global market are ruling lower than prevailing in India and exports of cotton market globally has also been slowed down in recent past. Textile commissioner had earlier said that cotton exports this year will be 7 million bales compared to 12 million bales last year as China, which imports around 65% of cotton from India is cutting its imports by half. However, going by the current trend in India and global markets, exports of even 7 million bales will not be easy. Some traders who received ...