January 24, 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.