The Indian Cotton Association expects the country to export around 42-60 lakh bales of cotton this year. The annual exports of Indian producers and processors are likely to increase by 10-15 per cent to 60 lakh bales. Demand will largely come from Bangladesh, China and Vietnam. India will also have an opportunity to export cotton and cotton yarn to Pakistan.
Cheaper cotton prices compared to USA and Brazil, give India an edge in the global trade. With US and China indicating trade talks to resume and with possibility of even roll back in tariffs, Indian exporters and traders anticipate an increase in exports. The industry estimates the production of cotton bales to increase by 354.50 lakh which is higher by 42.50 lakh bales compared to the previous years. Rains in West India have damaged crop in Maharashtra, Gujarat, Telangana and parts of Rajasthan which was likely to ensure that good quality cotton get good price.
