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India's 2016/17 cotton exports seen down 17 pct to 6 million bales - trade body
June 29, 2017 / 10:11 AM / 5 months ago

India's 2016/17 cotton exports seen down 17 pct to 6 million bales - trade body

MUMBAI (Reuters) - India’s cotton exports in 2016/17 are likely to fall 17 percent from a year ago to 6 million bales, a leading trade body said on Thursday, as an appreciating rupee dented the competitiveness of the Indian fibre in the world market.

FILE PHOTO: Workers push harvested cotton with their feet as they unload it from a supply truck at a cotton processing unit in Gujarat, India, October 20, 2015. REUTERS/Amit Dave/Files

The world’s biggest cotton producer is likely to have harvested 33.63 million bales of cotton in the 2016/17 season that started on Oct. 1, slightly down from 33.78 million bales a year ago, the Cotton Association of India said in a statement.

Pakistan, Bangladesh, China and Vietnam are the major buyers of Indian cotton.

(1 Indian bale = 170 kg)

Reporting by Rajendra Jadhav; Editing by Sunil Nair

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