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India's cotton exports surge as Turkey and Europe increase imports


Turkey and Europe have been importing Indian cotton yarn at an unexpected rate since February, causing an increase in demand for cotton exports from India.

Experts attribute this rise to the textile spinning sector's devastation after the recent earthquake in Turkey, which resulted in Turkey importing cotton from India. Additionally, Europe has also been unable to import cotton from Turkey, which has led to a spike in demand for Indian cotton.

India's total cotton exports to Turkey and Europe had been 15%, but this figure has increased to 30% in the last two months.

India's cotton prices had been higher than international prices for the past year, but now prices have aligned. Good crop and significant demand from China, Turkey, and Europe have contributed to the recent boost in exports.

Industry experts have noted that India's cotton yarn exports fell by 59% from April 2022 to January 2023. However, exports have picked up in recent months, with January's figures being the highest since April 2022. The steady price of cotton will result in better demand for exports.


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