Cotton Export Ban Under Review

  India-the world’s second largest grower of cotton announced plans in late March to temporarily ban exports of cotton. If the ban is kept in place, global cotton prices may jump in the short-term and make international buyers wary about sourcing from India. The reason for the ban according to trade officials, is to ensure India can maintain a sufficient supply of cotton for its own textile companies. Already this year India has exported nearly 9.4 million bales of cotton, one million higher than projected. India’s largest customer is China, which has absorbed 80% of cotton.

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