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Indian cotton exporters cancelling orders with the hike in prices

Related Keywords: after a supply shortage, Brazil, cancelled orders for around twenty five thousand bales, India likely to help rival suppliers, Indian cotton exporters, postponed shipments of about two lakh bales, pushing up local prices, raw cotton supplies, the United States and some African countries boost exports, up to a month, World biggest cotton producer

The world’s biggest cotton producer India likely to help rival suppliers like Brazil, the United States and some African countries boost exports. As Indian cotton exporters after a supply shortage pushing up local prices have cancelled orders for around 25,000 bales and postponed shipments of about 200,000 bales by up to a month.

While, some India textile mills have even started to import cheaper fibre from overseas.

Indian cotton exporters face huge losses over continuous decline in international prices

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.

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