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Price pressure forces cotton import
India has already begun to import cotton. In December, already about 3 lakh bales of cotton have been imported. This year as arrival of cotton has fallen post the note-ban and farmers are not selling cotton in a big way as they prefer to deal in cash, the prices of the commodity have firmed up to Rs 39,000 per candy of 355 kg in the domestic market.
China’s cotton import dips 29%
Chinese cotton imports in December were down 29 per cent year on year at 188,200 tonnes in December, as demand from the world's largest cotton consumer remains muted.
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