Cotton Corp hopes to export 100,000 bales in year ending September.

State-owned Cotton Corp of India is likely to export 100,000 bales (1bale=170 kg) in the current crop year ending September, as weakness in the rupee and low domestic prices have revived overseas demand for Indian cotton. In the previous year, the corporation did not export any cotton. We have so far shipped around 2,500 bales, and contracted 28,000 bales for July shipment. So far, all the contracts signed for exports are with Bangladesh, the world’s top importer of the fibre crop. The deals were struck around 92 cents a pound and we hope to end the year with exports around 100,000 bales, adding the corporation had over 500,000 bales of inventory built through procurement in the year started October.