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India sells new season cotton crop to China in rare advance deals

Reuters  |  MUMBAI/BEIJING 

By Rajendra Jadhav and Hallie GuMUMBAI/BEIJING (Reuters) - India's cotton exporters have signed contracts to ship 500,000 bales (85,000 tonnes) of their new season harvest to China as the world's biggest consumer of the fibre looks to raise its imports in the next crop year, industry officials told Reuters. Exporters in India, the world's biggest producer of cotton, usually start selling new season cotton from end-August, after estimating the nation's crop size. But robust demand from China and higher prices have prompted Indian exporters to sign deals in advance, the officials said. "Chinese ...

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First Published: Wed, June 13 2018. 16:39 IST
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