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Australian cotton exports to India dive 45% to $107 mn in Jan-Aug 2023

Australia&#**;s cotton exports to India had surged during **** while the trade pact was being negotiated. Nevertheless, these numbers declined in the current year once the pact came into effect. Cotton exports fell by **.** per cent in the first eight months of ****, down from $***.*** million in January to August ****. During the same period in ****, outbound shipments had skyrocketed by ***.** per cent compared to **** when exports were only $**.*** million. In terms of quantity, Australia exported **.*** million kg of cotton in January to August ****, with an average price of $*.** per kg, as per trade data obtained from *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro. 

On an annual basis, cotton shipments were valued at $***.*** million in ****, with a quantity of exported cotton and an average price of **.*** million kg and $*.** per kg, respectively, during the corresponding period in ****. Last year, cotton prices soared to more than &#****;***,*** per candy of *** kg in the Indian market. ICE cotton prices witnessed a record price increase due to robust global demand and limited production.