By admin       2017-12-29

NEW DELHI: Cotton export is estimated to increase by 15 per cent to 67 lakh bales (of 170 kg each) in the current 2017-18 marketing year, which started in October, because of the rise in the output of the commodity, Parliament was informed today. This assessment was made by the Cotton Advisory Board. The shipments were aggregated at 58.21 lakh bales during 2016-17 marketing year, Minister of State for Textiles Ajay Tamta said in a written reply to the Lok Sabha. The crop production is estimated to increase to 377 lakh bales during the 2017-18 period, from 345 lakh bales. As for higher production cost in the textile industry, he also said, cotton prices show that in comparison to the previous year, average prices have decreased by 2-4.8 per cent for various cotton varieties. In a separate reply, the minister said the government is taking several measures to promote procurement of cotton from farmers on minimum support prices through Cotton Corporation of India (CCIL).

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