This year cotton price in India has decreased by 3% from the
beginning of this year while global price improved 9 percent since then.The
sliver lining is that export from India is improving and it may lend some
support to cash market fundamentals.India's exports in the current crop year
that started in October 2015 could rise to 7 million bales, up from 5.77
million bales a year ago, due to good demand from Pakistan. Notably flooding in
Pkistan had badly impacted standing crop in Pakist in 2015.Out of 40 lakh bales
Pakistan has imported 50 % from India so far.According to Cotton Association of
India estimates total cotton supply for the season 2015-16 at 449.65 lakh bales
while the domestic consumption is estimated at 315 lakh bales, thus leaving an
available surplus of 134.65 lakh bales.
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