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India’s cotton imports last time touched a record high was in 2001-02 when they were 25 lakh bales. But this season it’s cotton imports have touched an all-time high of 30 lakh bales. According to Pradeep Jain, a cotton ginner from Jalgaon, cotton imports have touched some 30 lakh bales this season because of attractive international prices while exports have been in the range of 20 lakh bales.
Buoyed by the good prices this season, farmers are expected to plant 20% more cotton in the 2017-18 season.
