Cotton Prices May Fall Further In Response To The Euro Crisis
India cotton experts say the economic crisis in the euro area has cast a shadow on India's cotton producing areas.
The government has determined that the minimum supporting price for super long cotton is 3300 rupees / kg, and the market price is about 4000-45000 rupees / weight.
However, experts believe that futures market prices will continue to weaken. Because of the European crisis,
An industry source said that the total cotton output this year is expected to be 36 million packs, compared to 32 million 500 thousand last year, which will lead to a downturn in the cotton market.
Because the demand for branded clothing in the international market is decreasing, the demand for textile mills will be very low. The euro crisis is also one of the reasons for the downturn in demand.
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