India’s cotton exports may fall 41pc
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MUMBAI: Cotton exports from India, the world’s second-biggest producer and seller, are expected to fall 41 per cent to 7 million bales this crop year ending on Sept 30 as top buyer China curbs purchases, Textile Commissioner Kiran Soni Gupta said.
India on Tuesday also lowered the production estimate to 39m bales from the previous forecast of 40m bales made in October. The prior export forecast was 9m bales for this season.
China, the world’s largest cotton importer, accounts for more than 60pc of total raw cotton exports from India. The rest goes to Bangladesh, Pakistan and Vietnam.
Published in Dawn, April 1st, 2015
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Comments (4) Closed
Apr 02, 2015 03:14pm
Pakistan should increase its cotton production to fill the global shortage given the higher quality and production capacity of our cotton. We should
Also learn from surrounding countries as to why they are having lower production and decreased quality of cotton.
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Apr 03, 2015 04:28am
Finally some good news, well done Dawn , keep these coming hot from the oven.
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Apr 04, 2015 11:14pm
@Zak I am a huge fan of yours.
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Apr 05, 2015 05:22am
@Zak If China is curbing imports of cotton, it's worse news for Pakistan. Your exports are so precarious, any shock will put your economy back into the ICU.
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