14 August 2012
Indian Cotton slides as mills reduce purchases
  • US Department of Agriculture data continued to weigh on the sentiment, although tight supplies are likely to support prices.
  • The crop in Gujarat, the largest producer, may plunge by as much as 30 % in the harvest starting October 1 from 12 million bales a year earlier.
  • The planted area in the State will probably slump by as much as 25 % from 3 million hectares in 2011-2012