Related Keywords: APTMA urge to restrict cotton exports to India, contracted import of cotton bales from Pakistan, Cotton Association of India, drought took toll on output, India biggest cotton producer in the world, Indian buying pushing up prices in Pakistan, Indian cotton prices jump up, lower than local prices, Pakistan Cotton Ginner's Association
Indian cotton prices have jumped up by 28 percent since the start of 2015/16 season on Oct. 1 to 40,800 rupees per 356 kg candy (77.4 cents per lb) as two years of drought took its toll on output due to which India, the world's biggest cotton producer, has contracted to import 20,000 bales from Pakistan for shipment this month, , industry officials told Reuters.
Dhiren Sheth, president of the Cotton Association of India (CAI), said that around 20,000 bales have been imported from Pakistan. Landed cost of imported cotton is lower than local prices.
