Overall cotton shipments are likely to cross 7 million bales in the ongoing 2017-18 marketing year (October-September). Already 6.2 million bales have been exported till May 2018, it said.
The country had exported 6.7 million bales (of 150 kg each) in the 2014-15 marketing year (October-September). Major export destinations include Bangladesh, Pakistan and Vietnam.
Irked by curbs on milk, cotton and sugar exports, Agriculture Minister Sharad Pawar has shot off a letter to Prime Minister Manmohan Singh stating that the government's policies are hurting farmers who are being asked to subsidise the industry.
The Nifty ended with 26 point gain while Sensex gained 84 points yesterday. In the run-up to the Union Budget, how is trade likely to be today? Which stocks must you watch out for? Here's a round up:
Senior leader and Congress president Sonia Gandhi's political secretary Ahmed Patel today said that a Group of Ministers at a meeting on June 7 will take decision over lifting the ban on cotton export raised by farmers and ginning units from Gujarat.