In Cotton Market, India Wins as U.S.-China Dispute Escalates
- Top importer China may cancel U.S. cargoes, shift to India
- Weak rupee bolsters appeal of India’s exports, analyst says
Photographer: Dhiraj Singh/Bloomberg
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In the global cotton market, India stands to be a winner amid escalating trade tensions between the U.S., the world’s top exporter, and China, the biggest buyer.
The weak rupee makes India’s exports more appealing, and freight costs to the neighboring Asian country can be relatively cheap, Keith Brown, the president of Keith Brown & Co., a brokerage in Moultrie, Georgia, said in a telephone interview. “It’s a question of price and proximity,” he said.