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Raw cotton exports from India decrease 50% in 2014-15

Raw cotton exports from India decrease 50% in 2014-15

NEW DELHI: 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).