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January 24, 2013

 

India to see 38% decline for cotton exports in 2013
 

 

India's cotton exports are expected to decline 38% in the year commencing October 2012, according to a government official.

 

Farmers in India are expected to harvest 33 million bales of cotton in the current year, down from a record 35.5 million bales in the previous year, Textile Commissioner A.B. Joshi told reporters after a meeting of the state-run Cotton Advisory Board.

 

A Reuters poll of 10 traders had pegged India's cotton output for 2012/13 at 34 million bales, down 3.7% from last year.

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