Cotton imports to surge by 80% as output hits 9-year low: Report


India's cotton imports are likely to jump 80 per cent from a year ago as production could fall to the lowest level in nine years due to low rainfall in key growing region, a senior industry official told Reuters on Thursday. Higher imports by the world's biggest cotton producer could support global prices, trading near their lowest in more than a year.

The drop in Indian supplies could help rivals such as the United States, Brazil and Australia increase cargoes to key Asian buyers such as China, Bangladesh and Pakistan. "The.

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