In the global cotton market, India stands to be a winner amid escalating trade tensions between the U.S., the world’s top exporter, and China, the biggest buyer.
The weak rupee makes India’s exports more appealing, and freight costs to the neighbouring Asian country can be relatively cheap, Keith Brown, the president of Keith Brown & Co., a brokerage in Moultrie, Georgia, said in a telephone interview. “It’s a question of price and proximity,” he said.
“China will still get cotton from the U.S.” possibly indirectly, he said. Mills may obtain some cargoes via Vietnam, or buy American supplies including a