Cotton imports may be higher during the current season (October 2016 to September 2017), said the Cotton Advisory Board. In October 2016, the board estimated imports at 17 lakh bales revising the same to 26 lakh bales on Friday.
“We are almost at the end of the current season and usually cotton prices will be increasing on a weekly basis at this point of time,” said J. Thulasidharan, chairman, Confederation of Indian Textile Industry.
“But, this year, the prices are reducing. This is because the cotton position is comfortable in the country. Imports are up this year,” he said.