MUMBAI, March 16 Cotton supplies in Indian spot
markets fell 7.6 percent from a year earlier to 22.63 million
bales between October and February as farmers postponed the sale
of the fibre, expecting a price rise, a leading trade body said
Due to thin supplies, Indian cotton dealers were forced to
cancel and postpone export shipments.
The world's biggest cotton producer is likely to harvest
34.1 million bales of cotton in the 2016/17 season, that started
on Oct. 1, up about 1 percent from a year ago, the Cotton
Association of India said in a statement.
(Reporting by Rajendra Jadhav; Editing by Amrutha Gayathri)