Cotton price spike in global market, raise hope of higher exports from India
Cotton Association of India (CAI) President Atul Ganatra said export demand is currently slow due to novel Coronavirus (COVID-19) lockdown in Europe and few more countries. His association has pegged exports at 54 lakh bales this season.
January 19, 2021 / 04:23 PM IST
Axita Cotton | Company received order for Indian organic raw cotton valuing $19,73,117 from Olam International, Singapore. ()
Cotton prices in the global market have increased by four percent since the beginning of 2021 on US Department of Agriculture (USDA) projecting lower opening stocks, production and ending stocks this season (October 2020-September 2021), raising hopes of the commodity exports from India.