This season (October 2022–September 2023) will likely see India’s cotton exports reach a 19-year low due to weak demand from importing countries as a result of the slowing economies in the US and Europe.
The “Cotton: Global Markets and Trade” report from the US Department of Agriculture (USDA) predicts that this month’s Indian cotton exports will drop by 500,000 bales to 1.8 million (US bales of 227.72 kg or 23.05 lakh Indian bales of 170 kg), almost matching its import projection.
