Indian raw cotton exports reached a 15-year low of 14.66 lakh bales (170 kg apiece) as a result of the high prices. According to the GujCot study, raw cotton exports fell significantly for the majority of the cotton season 2022–2023 (October to September) because Indian cotton prices remained higher than global prices. India shipped 14.66 lakh bales in 2022–2023 (about 42 lakh bales in 2021–22 and 77 lakh bales in 2020–21), according to the data. GujCot secretary, Ajay Shah, said, “From November 2022 to May 2023, a historic battle unfolded between cotton farmers and mill owners. Gujarat saw the pressing of almost 92 lakh bales during the cotton season of 2022–2023, which was more than the 74 lakh bales during the previous year.

Source: Economic Times October 30, 2023 09:56 UTC