US curbs on Chinese cotton fuel domestic price rise, industry seeks regulation

The export promotion council also flagged limited stock availability with ginners and reduced arrivals, which have “compelled mills to rely more heavily on auctions conducted by Cotton Corporation of India (CCI)”. Much of the cotton has already moved out of farmers’ hands and is currently held by traders, leading to hoarding and speculative practices in the market, AEPC told the government. Forced labour curbs caution manufacturers AEPC said the increase in exports of Indian cotton and cotton yarn to apparel-producing countries is coming from major apparel and textile manufacturers such as Bangladesh and Vietnam, following US restrictions on the use…