News > India's cotton exports stall as farmers delay sales for higher prices

India's cotton exports stall as farmers delay sales for higher prices

"Harvesting of the new crop started last month, but many farmers are not willing to sell. They are holding crop hoping prices would rise like the last season," said Atul Ganatra, president of the Cotton Association of India (CAI). Cotton prices hit a record high of rupees 52,410 rupees per 170 kg in June, tracking a rally in global prices and as production fell.