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International Cotton Prices Decline

04 December 2012

INDIA - There is a decline in international cotton prices due to overstocking and lower global mill demand during the last Cotton Season.

Domestic cotton prices have followed the global price decline trend, but less steeply, so that the differential between international and domestic prices has narrowed considerably and at times become negative.

India’s cotton exports for 2011-12 Cotton Season reached 129 lac bales which is the highest ever export performance.

For Cotton Season 2012-13, the Cotton Advisory Board has estimated a production of 334 lakh bales and an exportable surplus of 70 lac bales. Export registrations of 4.5 lac bales have been reported till November 5, 2012. Cotton Trade follows well established trade routes.

There is no ban on cotton exports category for Cotton Season 2012-13.

Cotton exports are currently on Open General License, subject to a prescribed procedure of registration.

This information was given by the Minister of Textiles, Shri Anand Sharma in a written reply in the Lok Sabha.

TheCropSite News Desk

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