<p>India's cotton exports could fall by 36% in 2021/22 from a year ago, as domestic demand has been rising amid limited supplies after carry-forward stocks nearly halved from a year ago, industry officials said on Thursday.</p>.<p>Lower exports from the world's biggest cotton producer could support global prices, which jumped to their highest levels in a decade on strong demand from top consumer China.</p>.<p>"Exports could go down to 5 million bales in the new season since local demand has been rising," Sumeet Mittal, general manager for India cotton business at Louis Dreyfus Company, said in a webinar organised by the Cotton Association of India.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/south/tamil-nadu-cm-stalin-announces-cancellation-of-market-levy-on-cotton-1026995.html">Tamil Nadu CM Stalin announces cancellation of market levy on cotton</a></strong></p>.<p>The country exported around 7.8 million bales in 2020/21, the highest in eight years, as the state-run Cotton Corporation of India continuously sold from its warehouses keeping Indian prices competitive, he said.</p>.<p>Higher exports and local demand have depleted carry forward stocks to 6.5 million bales in the new season that started on Oct. 1, from 12.5 million bales a year ago.</p>.<p>Good demand from local mills and a rally in global prices have lifted domestic prices to a record high this week, tapering the advantage India had over other suppliers.</p>.<p>"Good quality cotton is not available right now for exports. From November, supply of good quality cotton would improve, and prices may come down because of supply pressure," said a Mumbai-based dealer with a global trading firm.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/monsoon-sown-crop-area-in-india-drops-12-amid-delayed-rains-1009788.html">Monsoon-sown crop area in India drops 12% amid delayed rains </a></strong></p>.<p>Leading cotton-producing states including Gujarat, Maharashtra, Telangana and Andhra Pradesh received heavy rainfall in September.</p>.<p>The production in the new season could fall as rainfall badly affected early-sown crops in all key producing states, said Chirag Patel, chief executive officer at exporter Jaydeep Cotton Fibers Pvt Ltd.</p>.<p>"Crop yields and quality of crop are going to be affected by rainfall. Cotton harvested in the first picking is likely to be of poor quality."</p>.<p><strong>Watch the latest DH Videos here:</strong></p>
<p>India's cotton exports could fall by 36% in 2021/22 from a year ago, as domestic demand has been rising amid limited supplies after carry-forward stocks nearly halved from a year ago, industry officials said on Thursday.</p>.<p>Lower exports from the world's biggest cotton producer could support global prices, which jumped to their highest levels in a decade on strong demand from top consumer China.</p>.<p>"Exports could go down to 5 million bales in the new season since local demand has been rising," Sumeet Mittal, general manager for India cotton business at Louis Dreyfus Company, said in a webinar organised by the Cotton Association of India.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/south/tamil-nadu-cm-stalin-announces-cancellation-of-market-levy-on-cotton-1026995.html">Tamil Nadu CM Stalin announces cancellation of market levy on cotton</a></strong></p>.<p>The country exported around 7.8 million bales in 2020/21, the highest in eight years, as the state-run Cotton Corporation of India continuously sold from its warehouses keeping Indian prices competitive, he said.</p>.<p>Higher exports and local demand have depleted carry forward stocks to 6.5 million bales in the new season that started on Oct. 1, from 12.5 million bales a year ago.</p>.<p>Good demand from local mills and a rally in global prices have lifted domestic prices to a record high this week, tapering the advantage India had over other suppliers.</p>.<p>"Good quality cotton is not available right now for exports. From November, supply of good quality cotton would improve, and prices may come down because of supply pressure," said a Mumbai-based dealer with a global trading firm.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/national/monsoon-sown-crop-area-in-india-drops-12-amid-delayed-rains-1009788.html">Monsoon-sown crop area in India drops 12% amid delayed rains </a></strong></p>.<p>Leading cotton-producing states including Gujarat, Maharashtra, Telangana and Andhra Pradesh received heavy rainfall in September.</p>.<p>The production in the new season could fall as rainfall badly affected early-sown crops in all key producing states, said Chirag Patel, chief executive officer at exporter Jaydeep Cotton Fibers Pvt Ltd.</p>.<p>"Crop yields and quality of crop are going to be affected by rainfall. Cotton harvested in the first picking is likely to be of poor quality."</p>.<p><strong>Watch the latest DH Videos here:</strong></p>