Cotton| Indian government's purchases of cotton

December 30, 2015 7:39 AM | Skymet Weather Team

Indian government's purchases of cotton are set to plunge 89 percent in the 2015-2016 marketing year as local prices have jumped after crop failures forced neighbouring Pakistan to raise imports from the world's biggest producer of the fibre. Prices have moved above the Minimum Support Price level in most states and farmers are selling to private players.

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