India raises cotton export estimate by 27 percent to 11.4 mn bales

News Tags: cotton consumption, cotton production, export estimate, global demand, Indian cotton industry

Mumbai
India raises cotton export estimate by 27 percent to 11.4 mn bales
Summary: 
India, the world's second-biggest cotton producer with strong global demand flowing from buyers beyond China as increased its export estimate for the crop year ending September by 27 per cent on Wednesday.

India, the world's second-biggest cotton producer with strong global demand flowing from buyers beyond China as increased its export estimate for the crop year ending September by 27 per cent on Wednesday.
 
The new estimate of 11.4 million bales is also higher than India's shipments last year and could further pressure New York cotton futures that hit their lowest in about one and half years on Tuesday. (1 Indian bale = 170 kg)
 

http://www.deccanchronicle.com/140703/business-latest/article/india-raises-cotton-export-forecast
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