Cotton Prices Are Unlikely To Continue To Rise In India
India
textile industry
D.K. Nair, President of the CITI, said
Textile mill
No more purchases.
Therefore, India
Cotton price
It is impossible to go further in the short term.
He said Shang Carle -6 cotton prices slightly higher than 61000 rupees / candy.
Consumer
Resistance will prevent cotton prices from rising, and prices may even be forced down in the coming weeks.
yarn
Prices will not rise. Textile mills are unable to buy cotton at current prices.
2010-2011 (October - September) the cotton year is coming to an end.
The arrival quantity is not big, enter.
market
The quality of cotton can not meet the requirements of textile mills.
Ginning merchant
They are also selling stocks in their hands.
Therefore, cotton prices will not continue to rise.
In addition, according to the Cotton Advisory Committee's forecast, the total cotton output this year may be less than 31 million 200 thousand bales.
This is one of the reasons why cotton prices remain high.
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