India’s cotton shipments would probably be about 3.5 million bales in 2019-2020, about 700,000 bales of 170kg lower than the industry target, said Vinay Kotak, a director of Kotak Commodity Services Pvt Ltd, one of India’s biggest cotton exporters.
MUMBAI: Major cotton grower India is set to cut exports of the fibre as the coronavirus pandemic roils demand for clothing across the world.
India’s cotton shipments would probably be about 3.5 million bales in 2019-2020, about 700,000 bales of 170kg lower than the industry target, said Vinay Kotak, a director of Kotak Commodity Services Pvt Ltd, one of India’s biggest cotton exporters. Inquiries from buyers including China had dried up, he said.
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