Indian cotton exports set to touch historic heights
Mumbai, May 7 (UNI) The raw cotton exports from India are set to reach the historic high with projected exports of 3.2 to 3.5 million bales.
According the a weekly review from the East India Cotton Association, the highest recorded exports are 4.6 million bales in the pre-independence era during the World War II.
As per trade sources, around 2.8 million bales have already been recorded and orders are still comign in. This could take the exports to ner about 3.5 million bales.
The international prices are also said to be easy to firm. The demand is for quality lots all over as quality has been at a premium in all the major cotton growing countries.
China continues to be the major buyer while India has increased its shipments to China largely and expects to become a dominant supplier of cotton to China in the future also.
The exports from Gujarat would be in the region of 2.5 million bales while its production is projected at 8 to 8.5 million bales during the 2005-06 cotton season as against 7.5 million bales in the previous year.
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