India's cotton exports plunges 36% till June

India's cotton production is estimated at 33.8 million bales in 2012-13 crop year

India's cotton exports are estimated to have plummeted by 36% to 9.14 million bales in the first 11 months ended June of the current marketing year, a latest USDA report said. The country had shipped 13.91 million bales of cotton in the August-June period of the 2011-12 marketing year. One bale contains 170 kg of cotton. The cotton marketing year runs from August to July. "Preliminary data suggest that exports reached 9.1 million bales through end of June," the US Department of Agriculture (USDA) said in its latest report. According to trade sources, exports however ...