India: Cotton Export Demand Continues To Boost Cotton Prices
Cotton prices in Gujarat, Maharashtra and Northern India have risen slightly, mainly due to export demand.
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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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