Indian cotton prices have risen 5 percent in the past month due to higher international prices and lower domestic production, according to Indian media. India’s domestic cotton production this year is only 33 million bales, down from an earlier estimate of 40 million bales.

Despite this, Indian cotton prices are still 13 percent cheaper than global cotton prices, and exports are expected to be higher than the previously estimated 6 million tons. At present, Indian traders are paying attention to whether the Pakistani government is opening the door for Indian cotton. Due to ideal market prices and good demand from traders and textile mills, Cotton Corporation of India (CCI) has sold 75 percent of its cotton stocks this year.