India's Cotton Exports Likely to Fall 35 Percent This Year: USDA

India, the world's second-biggest producer of cotton, is likely to export 7.69 million bales of the fiber this year, down by 35 percent from last year, due to sluggish demand from China, said the latest USDA report. With a slump in purchases by top cotton consumer China, Bangladesh and Vietnam are emerging as the leading export destinations for India, it added.