Date: 25/11/2022

Bleak prospects seen for cotton exports

There are bleak prospects for the export of cotton in the near term as domestic cotton prices continue to rule higher than rates in the global market, as per the Cotton Association of India (CAI), the apex trade body. Indian cotton rate is higher by Rs 6,000 per candy (356 kg). No shipments are happening due to the current unfavourable prices. Normally, the bulk of cotton exports happen during the October-January period, coinciding with the peak market arrivals. In these four months, 60 to 70 per cent of the exports take place, as per a report.
Source: Exim News Service: Mumbai, Nov. 24