The Cotton Advisory Board (CAB) has said that India’s cotton exports are likely to increase by 20% during the current cotton season of October, 2017 to September, 2018, over last year. It added that exports are expected to touch 70 lakh bales by September this year.
From October, 2017 to April 2018, the total amount of cotton exported from India was 51.21 lakh bales. The board has estimated the cotton production for the current cotton season 2017-18 (October 2017 to September 2018) at 370 lakh bales.
CAB highlighted that domestic prices of cotton are ruling below the international cotton prices. Domestic sale prices of the representative variety of S-6 cotton vis-a-vis international prices of its equivalent variety were lower by 7.18% as on July 14, 2018.