Too much supply may weigh down cotton
Kent Weakley/shutterstock.com | Kent Weakley/shutterstock.com
Estimates suggest 10-12 per cent increase in domestic output
Textile companies and other users of cotton stand to benefit in the coming months, with the price of cotton set to move lower.While there could be a short-term spike, this trend is unlikely to sustain. Excess supply in the domestic and international market is the key factor that will apply pressure on prices.The prices of cotton in the domestic market have fallen to ₹42,400 per candy from ₹47,800 ...
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