Indian Industry Plus A Pratisrutiplus Suppliment
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
