Despite of increased production, cotton exports are likely to get affected in the 2022-23 season

In anticipation of an increase in prices in the near term, cotton farmers are holding their cotton stock.  Indian traders so far in the new season have contracted about 70,000 bales for exports, significantly lower than the 500,000 bales contracted during the same period the previous season. Bangladesh, Vietnam and China are the major buyers of Indian Cotton. Further, Exports are unlikely to gain momentum unless local prices fall or global prices move higher.