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'India's raw cotton exports dip 50% in 2014-15'
04 Dec '15
1 min read
Raw cotton exports from India decreased by over 50 per cent in the 2014-15 cotton season that ran from October 1, 2014 to September 30, 2015.
In 2014-15, India exported 57.72 lakh bales of raw cotton were exported as against 116.96 lakh bales during the cotton year 2013-14, textiles minister Santosh Kumar Gangwar said in a written reply in Lok Sabha.
“The decline in exports was due to substantial reduction in import by China,” Gangwar said in his reply, according to a news agency report.
However, cotton shipments in 2015-16 are likely to increase by about 18 per cent in 2015-16 compared to the previous year, Gangwar said citing estimates of the Cotton Advisory Board (CAB). (RKS)
Fibre2Fashion News Desk – India
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