Mumbai (Maharashtra), Oct. 19 -- : Cotton imports into the country continue to rise with local prices (minimum support price) being higher than international prices, according to the latest edition of India Ratings and Research (Ind-Ra) credit news digest on India's textile sector.
Till August 31, the import of cotton was 2.3 million bales, up 0.8 million bales than in the previous cotton season.
This will further reduce domestic cotton prices, said the report highlighting trends in sub-segments of the textile sector, including cotton, man-made fibres, yarns, fabric with a focus on commodity prices, imports and exports, production and recent rating actions.
"Cotton prices continued to reduce in August 2019, mainly due to a fall in intern...