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Thứ 7, 21 / 07 / 2018

Cotton prices are on the recovery path posting decent gains. The recovery is mainly due to the improved demand from mandis. The demand is mainly for exports as Indian cotton is cheaper in the global markets.

This low price trend is boosting export demand and may support prices in the coming days. Experts say the upside momentum in Kapas futures (Apr) is expected to get extended towards 815 levels.

Cotton prices posted decent gain at the most trading centres across the country on Tuesday amid improved demand from mills against lower supplies.

As per expert analyses, cotton exports could touch around 60 lakh bales this season and most of the export is happening to Bangladesh, Vietnam and even China. Cotton Advisory Board expects cotton exports to stand at 90 lakh bales.

Cotton Association of India(CAI) on Wednesday said cotton crop output estimate for February stood at 396 lakh bales for the 2014-15 season This estimate is lower compared to last year due to slight decline in productivity in the central region.

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