Related Keywords: Chinese cotton reserves, continuation of Chinese direct subsidy based policy, domestic cotton prices, global cotton stock, impact quantum of imports, India Ratings and Research, international cotton prices, local cotton production, lower demand from spinning mills, next fiscal, rebound in domestic mill consumption, remain under presssure
Domestic cotton prices to remain under pressure in 2016-17, according to India Ratings and Research (Ind-Ra) report, due to continuation of Chinese direct subsidy-based policy and lower demand from spinning mills.
India Ratings and Research Senior Analyst Neermoy Shah said that it maintains a negative outlook on the cotton sector for the next fiscal. Though Bangladesh, Pakistan and Vietnam have replaced China with India as a supplier, volumes are picking up at a slow pace, and are unlikely to match Chinese demand
