Cotton prices rise amid strong demand and weak rupee
Cotton prices in India have risen due to strong demand from spinning mills, with the Cotton Corporation of India increasing prices by ₹300 per candy. Cotton Futures on ICE have also gained 14% since early March, reflecting positive market trends.
pre-market1 source ↓written by the desknot a recommendation
- raised prices
- ₹300 per candy
- this month
- ₹1,900
- in March
- 39 lakh bales
- since early March
- 14%
Cotton prices in India have surged due to increased demand from spinning mills and the trade, tracking global price trends. The Cotton Corporation of India raised prices by ₹300 per candy, totaling an increase of ₹1,900 this month. CCI reported sales of 39 lakh bales in March, indicating robust demand.
• Cotton Futures on ICE have gained 14% since early March, reflecting market strength.
• The weakening rupee is making imports more expensive, further supporting domestic prices.
Not investment advice. For informational purposes only.