Cotton Prices In India Are Stronger Because Of The Needs Of The Mills.
This week, because of the demand for cotton mills and the recent rain in the north, new cotton is coming.
list
Possible time
delay
Therefore, cotton prices in India may increase.
Trade Association of India Cotton Association
data
On Monday, Carle -6, the largest trading volume, rose 500 rupees to 38000 rupees / candy (356 kg).
Cotton prices soared to a record high of 61700 rupees / candy in March. Last month, prices fell by more than 50% due to the sluggish demand of textile mills, especially cotton mills, which fell to 12 month low of 30000 rupees / candy.
Traders said that the two months of India
Cotton export
Another 255000 tons may be added.
Cotton production in India is expected to increase to 32 million 500 thousand bales from 31 million 200 thousand packs in the past 2010-11 years.
In June, according to the requirements of cotton merchants and farmers, the government allowed more than 1 million bales of cotton (170 kilograms) to be exported, and the number of exports permitted earlier was 5 million 500 thousand packs, after which the domestic cotton price has been priced since March.
Fall
30%.
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