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Date: 02/05/2024

Cotton exports soar 137 pc 

Cotton exports during October-March were up 137 per cent at 18 lakh bales compared to the 7.59 lakh bales logged in the same period last year, as per the latest estimates released by the Cotton Association of India (CAI), the apex trade body. India had exported 15.59 lakh bales during the 2022-23 season. This sharp spike during the first half of the current season is particularly notable when compared to India’s total cotton exports of 15.59 lakh bales for the entire 2022-23 season that ended in September 2023. The massive 137 per cent year-over-year increase in exports from October 2023 to March 2024 can be attributed to several factors, according to trade experts. Indian cotton prices remained very competitive on the global market for a large portion of this period, making it an attractive option for overseas buyers, said a report.
 
Source: Exim News Service: New Delhi, May 1



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