India's cotton exports likely to decline 47% in MY2014-15
Neha Dewan | @TheDollarBiz An overloaded truck carrying cotton crop, Kota, Rajasthan, India The US Department of Agriculture (USDA) says that cotton exports from India in MY2014-15 may decline to the lowest in three years to around 5 million (480 lb) bales, which is down almost 47% from an estimated 9.4 million (480 lb) bales exported in the previous year. Last month, the USDA Post in New Delhi had said that India’s cotton exports in the marketing year beginning August 2014 may reach around 6 million (480 lb) bales, but the figures have been revised downwards, mainly due to declining demand in China which is expected to lower its cotton purchases from India. Source - USDA China’s restrictive import policy and surplus ...
