The Cotton Advisory Board (CAB) has estimated that during the current cotton season of October, 2017 to September, 2018, the export of cotton from India is likely to increase by 20% over last year and is expected to touch 70 lakh bales by September, 2018. From October, 2017 to April 2018, the total amount of cotton exported from India was 51.21 lakh bales. CAB has estimated that the cotton production for the current cotton season will be 370 lakh bales.

 

Domestic prices of cotton are ruling below the International cotton prices. Details of domestic sale prices of the representative variety of S-6 cotton vis-à-vis International prices of its equivalent variety as follows:

 

Month	Domestic Prices (S-6 Variety) in Rs./ Candy	International Prices (Cotlook A )		Variation between domestic and International prices
		in USC/lb	Conv. in Rs/candy
October, 2017	38468	78.68	40126	-4.13%
November, 2017	37462	80.39	40921	-8.45%
December, 2017	39296	85.58	43113	-8.85%
January, 2018	41084	90.91	45350	-9.41%
February, 2018	40061	88.27	44568	-10.11%
March, 2018	40846	92.07	46947	-13.00%
April, 2018	41172	92.13	47414	-13.16%
May, 2018	42246	94.45	50009	-15.52%
June, 2018	46265	97.71	51943	-10.93%
July, 2018 (Upto 14.07.2018)	47192	94.40	50845	-7.18%
Source: Domestic Prices: Cotton Association of India (CAI); International Prices: Cotlook

 

This information was given by the Minister of State of Textiles, Ajay Tamta, in a written reply in the Rajya Sabha today.

 

 

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MM/ SB

 

(Release ID: 1540020)