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Cotton exports from India are likely to touch seven million bales this marketing year started October 2017, up about 27% from the earlier estimate, due to a surge in demand, particularly from China. The trade’s earlier target was to export 55 lakh bales of Cotton, but India had already exported that much till March end. Now they expect Cotton exports to touch upwards of 65 lakh bales, If exports continue at this speed, it can easily export 70 lakh bales. Traders have exported more than 1.5 lakh bales of Cotton to China during last 10 days as China took counter actions after the US imposed trade restrictions on the Asian giant. Since the begging of the Cotton Year 2017-28 on October 1, 2017, of the total export of 55 lakh bales, India has exported about 6 lakh bales of Cotton to China. With Indian Cotton selling at discounts of 7-10 cents per pound, there is demand for all qualities of Cotton, as a result of this, India is expected to replace Australia as the second largest exporter of Cotton after China by the end of the 2017-18 Cotton season, experts said. However, exporters are concerned about quality of Indian Cotton as well as the uncertainty about the increase in minimum support price (MSP) that the government will announce for 2018-19.

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