Cotton Association Of India

India's cotton exports are expected to slide sharply for 2022-23 and match imports into the top producer for the first time in about two decades on low domestic stocks among other factors, the United States Department of Agriculture (USDA) said.

Sowing of summer-sown crops such as soybean, cotton, corn and pulses has been delayed in India due to the slow progress of monsoon rains in central and western parts of the country, raising concerns over output, industry officials told Reuters.

Cotton supplies in Indian spot markets fell 12 per cent from a year ago to 28 million bales between October and March as adverse weather curtailed production, stated the Cotton Association of India on Monday.

The government will be forced to make large-scale cotton purchases from farmers for a second straight year, following a cut in imports by top buyer China that has depressed prices, industry officials said.

Various stakeholders in the cotton industry, including traders and spinners, yesterday discussed the challenges being faced by them.

The government could impose a 10 per cent duty on cotton exports as early as Thursday aiming to boost overseas sales of value-added textiles to take advantage of a weak rupee and reduce the current account deficit, government sources and industry officials said.

India will now prohibit fresh cotton exports and permit only quantities already registered but not shipped.

India's cotton exports are expected to slide sharply for 2022-23 and match imports into the top producer for the first time in about two decades on low domestic stocks among other factors, the United States Department of Agriculture (USDA) said.

Sowing of summer-sown crops such as soybean, cotton, corn and pulses has been delayed in India due to the slow progress of monsoon rains in central and western parts of the country, raising concerns over output, industry officials told Reuters.

Cotton supplies in Indian spot markets fell 12 per cent from a year ago to 28 million bales between October and March as adverse weather curtailed production, stated the Cotton Association of India on Monday.

The government will be forced to make large-scale cotton purchases from farmers for a second straight year, following a cut in imports by top buyer China that has depressed prices, industry officials said.

Various stakeholders in the cotton industry, including traders and spinners, yesterday discussed the challenges being faced by them.

The government could impose a 10 per cent duty on cotton exports as early as Thursday aiming to boost overseas sales of value-added textiles to take advantage of a weak rupee and reduce the current account deficit, government sources and industry officials said.

India will now prohibit fresh cotton exports and permit only quantities already registered but not shipped.