Related Keywords: compared to domestic cotton, cost advantage, cotton imports this season, from the U.S. in larger quantities, imported cotton, increasingly prefer to buy cotton, Indian Cotton Federation, slightly lower micronaire, surpass official estimate of 17 lakh bales, Textile mills, trade and industry sources, units could get four to five percent
As textile mills increasingly prefer to buy cotton from the U.S. in larger quantities. According to trade and industry sources, cotton imports this season might surpass the official estimate of 17 lakh bales.
Also, the units could get a 4 to 5% cost advantage, the sources added. Total imports during the last cotton season (2016-2017) were 30.94 lakh bales and the previous year it was 22.79 lakh bales. The total imports this season (October 2017 to September 2018) might cross 20 lakh bales, said Nishanth Asher, a partner with cotton trading firm RS Asher and Company.
