INSUBCONTINENT EXCLUSIVE:
CHANDIGARH: Cotton spot prices in India are likely to remain higher than global prices due to better quality and lower output in the last
season, traders, including Cotton Corporation of India, the federal nodal agency for price support operations, said
have mellowed globally in the current financial year whereas local factors, including lower-than-estimated cotton output in India, has kept
the domestic prices firmer
The higher prices have affected exports curtailing the cotton yarn shipment by 22 per cent in the current financial year.
Indian spinning
quality than what is being imported
The CCI has stock of over 9 million bales from the last season bought at MSP and commercial rates from farmers, the official said
Over 800 buyers are listed with the CCI to purchase cotton through auctions.
Cotton output in India has been revised to 312 lakh bales in
June compared to 348 lakh bales in October last year for 2018-19 cotton marketing season, according to the Cotton Association of