Related Keywords: 000 bales of the fibre, Cancellations of export contracts, cancelled contracts to export, Cotton Association of India, could cut India's exports, each of 170kg, higher local prices, in the 2017/18 marketing year, Indian cotton traders, made overseas sales unattractive, rising rupee, some 400, started on 1 October, to 5 million bales
The cancellations of export contracts and higher local prices could cut India's exports to 5 million bales, each of 170kg, in the 2017/18 marketing year started on 1 October—nearly a quarter below an initial estimate, said the president of Cotton Association of India, Atul Ganatra.
Indian cotton traders have cancelled contracts to export some 400,000 bales of the fibre after a rally in domestic prices and the rising rupee made overseas sales unattractive.
