| Date: |
14-10-2014 |
| Subject: |
India’s 2014-15 cotton output seen at record high: Govt official |
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Mumbai: India, the world’s second-biggest cotton producer, is likely to harvest a record 40 million bales of the fibre in the 2014/15 crop year on higher planting, a government official said on Monday.
Despite the higher output, exports in the new season that began on 1 October are pegged lower at 9 million bales, compared with last year’s 11.8 million bales on subdued demand seen from top buyer China, the official, who is not authorized to speak to media, said after a meeting of state-run Cotton Advisory Board.
India is the world’s second-biggest exporter of the fibre.
Source : livemint.com
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