US bans China’s cotton products: How India can seize the advantage
The ban has sweeping consequences for apparel firms and other companies importing cotton products. As per the Indian Cotton Association’s estimates, cotton exports are expected to rise as high as 65 lakh bales in the current fiscal year against the June estimate of 40 lakh bales, signifying a staggering 63 per cent improvement
While the Indian rupee fell to a two-month low in early November, global cotton prices nearly approached their highest in 17 months, thereby increasing traders’ margins.