Cotton export from India likely to increase by 20%: CAB

July 25, 2018
India

New Delhi: The Cotton Advisory Board (CAB) has estimated that during the current cotton season of October, 2017 to September, 2018, the export of cotton from India is likely to increase by 20% over last year and is expected to touch 70 lakh bales by September, 2018. From October, 2017 to April 2018, the total amount of cotton exported from India was 51.21 lakh bales. CAB has estimated that the cotton production for the current cotton season will be 370 lakh bales.

 

Domestic prices of cotton are ruling below the International cotton prices. Details of domestic sale prices of the representative variety of S-6 cotton vis-à-vis International prices of its equivalent variety as follows:

 

Month Domestic Prices (S-6 Variety) in Rs./ Candy International Prices

(Cotlook A )

 Variation between domestic and International prices
in USC/lb Conv. in Rs/candy
October, 2017 38468 78.68 40126 -4.13%
November, 2017 37462 80.39 40921 -8.45%
December, 2017 39296 85.58 43113 -8.85%
January, 2018 41084 90.91 45350 -9.41%
February, 2018 40061 88.27 44568 -10.11%
March, 2018 40846 92.07 46947 -13.00%
April, 2018 41172 92.13 47414 -13.16%
May, 2018 42246 94.45 50009 -15.52%
June, 2018 46265 97.71 51943 -10.93%
July, 2018

(Upto 14.07.2018)

 47192 94.40 50845 -7.18%
Source: Domestic Prices: Cotton Association of India (CAI); International Prices: Cotlook

 

This information was given by the Minister of State of Textiles, Ajay Tamta, in a written reply in the Rajya Sabha today.

 

PIB

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