Bangladesh is interested in importing some 5000 bales of cotton from Maharashtra. Khandesh is a major cotton belt for ginners in Maharashtra and has over 100 units. Khandesh is famous for quality cotton and has the highest area of cotton in India under drip irrigation. There is a high demand for cotton from Khandesh, which can offer 29 mm, 30 mm staple cotton , 3.8+ micronier , rd 75 and trash 3-3.5 per cent quality.
Bangladesh imports at least 35 lakh bales of Indian cotton every year. The cotton season is in full swing in Khandesh. The objective in direct exports from ginners to Bangladesh is to offer better realisations to farmers in Khandesh and also to enter exports.
India is expected to produce 354 lakh bales this season. The Cotton Association of India has predicted exports of 42 lakh bales and imports of 25 lakh bales this year. In the cotton year 2019-20, India had exported 42 lakh bales of cotton and imported 32 lakh bales. The Cotton Corporation of India, under its MSP operations, is reported to have procured at least 22 lakh bales until date. Currently, market prices are around Rs 5000 per quintal on steady arrivals.
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