According to a report by India’s “Economic Times” on July 22, India’s cotton exports to China dropped to 260 million bales in the 2014/15 fiscal year from 610 million bales in the previous fiscal year, a drop of 56.72%, resulting in a decline in domestic cotton in India. Prices drop. Indian Minister of Commerce and Industry Sitharaman said that China’s cotton inventory has reached 8 billion kilograms. The Chinese government has reduced the import quotas for actual cotton users, causing cotton mills to reduce direct imports and purchase more cotton stocked by domestic and government agencies. According to reports, India provides minimum price support to cotton farmers. In addition, in order to increase cotton exports, opportunities are also sought to export cotton to cotton-deficient countries.
India/Finance’s cotton exports to China fell by .%
According to a report by India’s “Economic Times” on July 22, India’s cotton exports to China dropped to 260 million bales in the 2014/15 fiscal year from 610 million bales in the previo…
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