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India : Cotton Imports To Cut Down In Current Year

2003-1-24 8:47:00
Firm global prices and better quality of local produce are likely to cut India's cotton imports in the year to September 2003 by half from 1.5 million bales a year earlier, traders said on Monday.

Indian textile mills had signed contracts to import only about 200,000 bales of 170 kg each in the first three months of the current season beginning October compared with about 500,000 bales during the same period a year ago, they said.

 
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