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Cotton exports to fall as China curbs buying

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Cotton exports from India, the world’s second-biggest producer and seller, are expected to fall 41 percent to 7 million bales this crop year, ending on Sept. 30 as top importer China curbs purchases, the Textile Commissioner of India said.

Last week India also lowered the production estimate to 39 million bales from the previous forecast of 40 million bales made in October. The prior export forecast was 9 million bales for this season.

China, the world’s largest cotton importer takes more than 60 percent of total raw cotton exports from India. The rest of the exports go to Bangladesh, Pakistan and Vietnam.