 "cotton, cotton exports")
India is fast losing its cotton export market to Brazil due to a sharp increase in the fibre prices over the last six weeks which makes Indian shipments uncompetitive in world markets.
The benchmark Shankar 6 variety of cotton jumped more than 10 per cent to trade at Rs 12,907 a quintal on Friday as against Rs 11,698 a quintal on February 28. With the Cotton Association of India (CAI) forecasting that India’s cotton output will remain lower during the current season, its arrivals have started declining gradually. Cotton harvesting ended early this season due to reports of crop damage
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