Related Keywords: Bangladesh and Indonesia, CAI, government may not roll out subsidies, increase in cotton prices, lower freight. India first choice for buyers, No rebound seen in Demand from China, other two major buyers of Indian cotton, Pakistan contracted import of cotton bales, Pakistani garments manufacturers, see Indian market as a big opportunity
Demand from China may not see a rebound as normally it buys more than 50 per cent of India’s shipments. But Pakistan has, so far, contracted to import one million bales (170 kg each) of cotton from India after the crops there were affected by floods, according to Dhiren N Sheth, president of the cotton association of India (CAI).
Pakistan is buying more cotton from India as both the quality and quantity of the crop has come down. Pakistan’s cotton production is expected to drop 25 per cent to 11.4 million bales this year, the lowest since 2003.
