India cotton exports stall as farmers delay sales albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Indian traders are struggling to export cotton despite higher production as farmers are delaying sale of their harvest hoping for higher prices in coming months, industry officials told Reuters.
The limited supplies are keeping local prices significantly above the global benchmark, making overseas sales unviable from the world's biggest producer of the fibre.
Indian farmers have so far planted wheat and rapeseed on nearly 15% more area than a year ago, the latest data from the farm ministry showed, as planting of winter-sown crops accelerated..