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Demonetization hits Indian textile exports

Related Keywords: Brazil and African countries, caused delay in exports, Demonetization move, driven up prices, force buyers to switch to other producers, levels higher than global market, one million bales of cotton, Supply crunch, top producer from India, United States

Demonetization move has caused delay in the exports of 1 million bales of cotton from top producer India. The supply crunch has driven up prices in India to levels higher than in the global market and could force buyers to switch to other producers like the United States, Brazil and African countries.

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