India's cotton exportation is likely to jump nearly 30 percent. There is an increase in the global prices and rupee is weaker, which made to boost the overseas demand and four-year high of 7.5 million bale. Each bale contains 170 kg of cotton. The Indian rupee has fallen more than 6 percent in 2018, this lead Indian cotton cheaper for overseas buyers.
India has exported 6.3 million bales so far in the marketing year. According to data compiled by the state-run textile commissioner's office, India shipped 5.82 million bales of cotton overseas last marketing year.
Indian cotton is being offered around 84 to 86 cents percent on a cost and freight basis (C&F) to buyers in Bangladesh and Vietnam, compared to over 92 cents from the United States and Brazil, said a Mumbai-based dealer with a global trading firm.