Related Keywords: CCI, commercial rates, cotton corporation of India, cotton prices moved up, different parts of key cotton growing regions, farmers beginning to get better rates from traders, improving market sentiment, long staple fiber, medium staple length, MSP, resorting to purchase cotton
With the Cotton Corporation of India (CCI) resorting to purchase cotton at commercial rates from different parts of key cotton growing regions in the country, cotton prices have moved up and also improving the market sentiment. Prices have firmed up to R41,500 per candy from the prevailing rates of R38,000 and farmers are now beginning to get better rates from traders, according to top officials of CCI.
