Related Keywords: China reduced cotton imports, Cotton prices in domestic market, from India to China, increase in stock levels, minimum support price, plunge in cotton exports, protect cotton producers, reduction in import quota, subdued
Parliament was informed today that the cotton prices in the domestic market are subdued due plunge in India’s exports to China in 2014-15. Export of cotton from India to China has witnessed turn down by 56.72 percent from 61 lakh bales in 2013-14 to 26 lakh bales in 2014-15.
As a result, there had been slowness in the domestic prices as compared to last year, said Commerce and Industry Minister Nirmala Sitharaman in a written reply to Rajya Sabha. Cotton policy adopted by China is the major reason for less imports.
