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Related Keywords: about eighteen percent, compared with previous fiscal year, Cotton Advisory Board, Cotton exports from India, Cotton year, decline in Indian exports, from October to September, likely to see increase, raw cotton exported, Santosh Gangwar, substantial reduction in import by China, Union Textile Minister

Union Textile Minister Santosh Gangwar in his written reply in the Lok Sabha, citing estimates of the Cotton Advisory Board stated that the exports from India for 2015-16 are likely to see increase by about 18 per cent compared with the previous fiscal year.

The minister further added that during the cotton year of 2014-15 (from October 1, 2014 to September 30, 2015), 57.72 lakh bales of raw cotton were exported as against 116.96 lakh bales during the cotton year of 2013-14.

The decline in exports was mainly due to substantial reduction in import by China, Gangwar said.

Related Keywords: Bangladesh, chinese mill, cotton bales, cotton yarn, Cotton year, decline in cotton prices, finer quality cotton, Indian cotton exporters, Indian cotton industry, international prices, long-staple, Vietnam

This cotton year, India has exported 11.5 million bales, compared with 11.4 million bales in the previous cotton year. It is estimated at the beginning of the next season, export will fall 35-40 per cent.

Currently, cotton exports from India have come to a standstill, as the global prices are on a downward trend, while Indian prices are higher than them.