India banned cotton exports to ensure supplies for local mills, having already exported 9.4M...

|By:, SA News Editor

India banned cotton exports to ensure supplies for local mills, having already exported 9.4M bales and passed its quota. U.S. producers could benefit, although VIP Commodities says the country is "almost out of cotton." Opinion is split over whether the ban will force prices higher still or whether weak demand at mills will cap them.