India’s cotton exports stall

Published November 25, 2022

MUMBAI: Indian traders are struggling to export cotton despite higher production as farmers are delaying sale of their harvest hoping for higher prices in coming months, industry officials told Reuters.

The limited supplies are keeping local prices significantly above the global bench­mark, making overseas sales unviable from the world’s biggest producer of the fibre.

“Harvesting of the new crop started last month, but many farmers are not willing to sell.

They are holding crop hoping prices would rise like the last season,” said Atul Gan­atra, president of the Cotton Association of India (CAI).

Farmers received record prices for their last season’s crop, but the new crop is unlikely to get the same prices as local production has risen and global prices have fallen, Ganatra said.

Published in Dawn, November 25th, 2022

Opinion

Editorial

Fleeting good news
Updated 03 Dec, 2022

Fleeting good news

Indeed, there is no other option to get out of the economic mess we have created in the last few years.
Battle for spoils
03 Dec, 2022

Battle for spoils

THE spectacle playing out inside a London courtroom shines a light on the struggle for control of the assets of the...
CM Bizenjo’s complaint
03 Dec, 2022

CM Bizenjo’s complaint

BALOCHISTAN Chief Minister Mir Abdul Qudoos Bizenjo’s claim that his province is facing a financial crunch due to ...
Wayward ideology
02 Dec, 2022

Wayward ideology

Anyone who claims his legacy for themselves should not treat his words so whimsically.
Progressive stance
02 Dec, 2022

Progressive stance

THE timing of two encouraging developments in the fight against domestic violence in Pakistan could not have been...
China Covid protests
02 Dec, 2022

China Covid protests

PUBLIC protests are rare in China where the People’s Republic maintains order through a strict authoritarian code...