Monday, March 17, 2025 | 01:08 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Cotton exports estimated to reach 7.5 million bales, highest in 4 years

This will result in relatively large exports in the lean season

cotton
Premium

Exporters’ margins have also increased to a record high

Rajesh Bhayani Mumbai
A sharp rise in international cotton prices, following abnormal weather conditions in major cotton-producing countries such as the US and China has improved India's prospects for cotton exports.

Analysts and trade organisations are revising cotton exports estimates upwards for 2017-18 (October to September is the period of active cotton production).

Now, exports are estimated to reach 7.5 million bales, highest after 2013-14. Exporters’ margins have also increased to a record high. Currently, the free on board (FOB) price of cotton being exported is 83.78 cents against the US benchmark ICE traded cotton price of 89-90 cents. 

Such a high margin

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in