The country could import 2.7 million bales in 2018/19 marketing year ending on 30 Sept, up from 1.5 million bales a year ago, he said. India imports cotton mainly from the United States, Brazil and Egypt. India is likely to produce 33 million bales in the current season, down from earlier estimate of 33.5 million bales and last year's output of 36.5 million bales, CAI estimates. India's exports could fall 27.5% from a year ago to 5 million bales, the lowest level in a decade, Ganatra said. Trade bodies have been reducing cotton production estimates for the current season due to low rainfall and as pest attacks curtail per-hectare yields.

Source: Mint February 07, 2019 13:30 UTC