India, Oct. 18 -- Cotton prices continued to reduce in August 2019 mainly due to a fall in international prices rating agency India Ratings and Research (Ind-Ra) said in its latest report. The agency expects the prices to fall further as global production is likely to be higher than demand growth.With local prices (MSP) being higher than international prices cotton imports are rising. Till 31 August 2019 the import of cotton was 2.3 million bales up 0.8 million bales than that recorded in the previous cotton season. This would further reduce domestic cotton prices the agency noted.Cotton yarn continues to see reduced exports owing to the low demand of yarn and increased competition. Exports fell 40% month-on-month during July 2019 majorly d...