Related Keywords: CCI, drop in production, higher demand from Bangladesh, Higher exports will cap global prices, Indian cotton, MSP, offset poor demand from China, Pakistan and Vietnam, pilot project for Maharashtra farmers, raise domestic prices, Textile Commissioner Kavita Gupta
Textile Commissioner Kavita Gupta after a meeting of the state-run Cotton Advisory Board on Tuesday said that they are expecting higher demand from Bangladesh, Pakistan and Vietnam. This will offset poor demand from China.
India, the world's biggest cotton producer, is likely to export 6.8 million bales in the 2015/16 season, up 18 percent from a year ago as demand from Asia is expected to improve, a senior government official said.
Higher exports will cap global prices, but raise domestic prices and help bring down government purchases at the support price.
