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Cotton export estimated at 67 lakh bales in 12 months

Cotton export is estimated to extend by 15 per cent to 67 lakh bales (of 170 kg every) within 12 months in 2017-18, which began in October, due to the rise within the output of the commodity. This assessment was made by the Cotton Advisory Board.

The crop manufacturing is estimated to extend to 377 lakh bales through the 2017-18 interval, from 345 lakh bales.

As for larger manufacturing value within the textile business, he additionally mentioned, cotton costs present that compared to the earlier 12 months, common costs have decreased by 48 per cent for numerous cotton varieties.

In a separate reply, the minister mentioned the federal government is taking a number of measures to advertise procurement of cotton from farmers on minimal assist costs by Cotton Company of India (CCIL).

 
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