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    India: Cotton Export Demand Continues To Boost Cotton Prices

    2012/1/4 9:28:00 31

    India Cotton Export Demand Boost Cotton Market

    Cotton prices in Gujarat, Maharashtra and Northern India have risen slightly, mainly due to export demand.

    Expand

    One of Gujarat Cady

    dealer

    The price is likely to be stronger this month.


    New cotton grade a San card 6 cotton trading price at 35500-36000 rupees / candy, B level

    Sale

    The price is 34500-35000 rupees.

    Class a V - 797 sells for 23000-23500 rupees / candy, and B class sells for 24500-25000 rupees.


    The average price of new cotton in Maharashtra is 33200-33700 rupees / candy, and the class a 29 millimeter is quoted at 34000-34500 rupees / candy. Before the central bank, the price was quoted at 33200-33700 rupees, and the offer was 34000-34600 rupees later.

    DCH 33-34 mm quoted at 43000-44000 rupees / candy.


    On Monday, northern India was active in textile mills and export demand, and cotton prices rose by 20-25 rupees / 20 kilograms, although the quantity reached 34000 packs / 170 kilograms.

    In Punjab, spot cotton trade prices are 3525-3560 rupees / KT, 3460-3480 rupees in the state of Jali, and 3470-3480 rupees in Rajasthan.


    India Cotton Association reported that in 2011-12, cotton production in the whole country is expected to record a record of 34 million bags.


    Cotton consumption may be less than 25 million packages, so the next year's carry over inventory will be huge.

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