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Weak rupee leads Indian trade body to lift cotton export estimate up 12%; could put pressure on global prices
Business

Weak rupee leads Indian trade body to lift cotton export estimate up 12%; could put pressure on global prices

Indian cotton exports could also limit shipments from rivals such as the United States, Brazil and Australia to key Asian buyers such as China, Bangladesh and Vietnam.

Cotton output to dip by over 11% to 328 lakh bales in 2018-19 on low rainfall; exports likely to decline by 27%
Business

Cotton output to dip by over 11% to 328 lakh bales in 2018-19 on low rainfall; exports likely to decline by 27%

The cotton price is ruling at Rs 42,000 per candy (1 candy is 356 kgs), which is over the minimum support price of Rs 41,000.