India's Cotton Exports to Fall 17% in 2016-17
Cotton exports of India are likely to see a decline of 17 per cent in the 2016-17 cotton season. India exported 72 lakh bales of cotton in 2015-16 and Cotton Association of India (CAI) has estimated the exports to touch 60 lakh bales in the ongoing cotton season. The CAI has placed its cotton crop estimate for the season at 336.25 lakh bales of 170 kgs each.
The projected balance sheet drawn by the CAI has estimated total cotton supply for the season at 406.25 lakh bales while the domestic consumption is estimated at 305 lakh bales. India had harvested 337.75 million bales of cotton in 2015-16.
The major Indian cotton buyers are countries like Bangladesh, Pakistan, Vietnam and China.
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