Cotton exports from the country are likely to touch seven million bales this marketing year started October 2017, up about 27% from the earlier estimate, due to a surge in demand, particularly from China, as Indian cotton is selling at discount.“Indian cotton is trading at huge discount not seen in many years. “Now we expect cotton exports to touch upwards of 65 lakh bales,” Ganatra said. “Tur prices increased from Rs 20/kg to Rs 200/kg, but no one stopped its consumption,” he said. “Cotton prices have been stagnant at Rs 4,000/quintal to Rs 4,500/quintal for many years. If our cottage prices increase then world prices will also increase,” Ganatra said.

Source: Economic Times April 09, 2018 09:24 UTC