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Cotton exports likely to see 18pc rise in 2015-16

YarnsandFibers News Bureau 2015-12-04 16:30:00 – New Delhi

Union Textile Minister Santosh Gangwar in his written reply in the Lok Sabha, citing estimates of the Cotton Advisory Board stated that the exports from India for 2015-16 are likely to see increase by about 18 per cent compared with the previous fiscal year.

The minister further added that during the cotton year of 2014-15 (from October 1, 2014 to September 30, 2015), 57.72 lakh bales of raw cotton were exported as against 116.96 lakh bales during the cotton year of 2013-14.

The decline in exports was mainly due to substantial reduction in import by China, Gangwar said.

The cotton year is from October to September.

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