mandi bhav of india

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Cotton exports may increase by 40%

Due to the depreciation of the rupee and rising global prices, exporters were awarded contracts. Cotton exports may increase by 40% between 2020-21 to 7 million bales, the highest in seven years. In the last season, India exported nearly 5 million bales of cotton.


However, yarn exports are declining. Senior officials from the South India Mills Association (SIMA) stated that the export of cotton yarn peaked in 2013-14 (1.3134.3 million kg) and has since dropped sharply. During 2019-20, exports fell further to 959 million kilograms, mainly due to the lack of earlier incentives for the industry.