India may be able to export 50 lakh cotton bales. As of today Indian cotton quality wise rate is ruling from Rs 40,000 to Rs 42,000 per candy for 27 mm to 29 mm cotton. At this rate Indian cotton is the cheapest cotton available in the world due to which there is a good demand for Indian cotton from across the world. Since the past many years India has been a net cotton exporting country.

This year, cotton sowing in India was done in around 123 lakh hectares. But rainfall has not been satisfactory. States like Gujarat, Karnataka, Telangana and Maharashtra have had a rain deficit. Hence, this year there will be no third and fourth pickings in most of these cotton growing states. Maharashtra and Telangana advised farmers to remove cotton plants by December 31 to avoid pink ball worm problems. Because there will be no third, fourth or fifth pickings in India, there will be a big drop in Indian cotton crop figures this year.

Against this year’s crop size of 328 lakh bales up to February 28, 2019, 213.42 lakh bales of cotton have arrived in the market, which is 65 per cent of the total crop size.