Related Keywords: China top buyer of cotton from India, Cotton Association of India, cotton corporation of India, cutting in imports, depressing prices, export demand subdued, from farmers, India force to make large scale cotton purchase, MSP, prevent dumping in overseas market, production set to drop
China top buyer of cotton from India cutting in imports depressing prices, India will be forced to make large-scale government cotton purchases from farmers for a second straight year. In the marketing year that ended on Sept.30, India spent 160 billion Indian rupees ($2.5 billion) to buy 8.7 million bales of cotton at a government-set minimum support price (MSP), against just 400,000 bales in the previous year.
