Related Keywords: cotton trading, fall in supplies by China and India, Indian Shankar-6 variety of cotton, international market, lower production and increased consumption, new crops available in market, rise in cotton prices, short-term hike, start declining from November, top choice of Bangladeshi importers, two major cotton producers and consumers, USDA
In International market cotton was traded at 77 cents from 62 cents three months ago, a rise by 24.19 percent due to a fall in supplies by China and India, two major cotton producers and consumers. Six months ago the price was below 60 cents, according to industry insiders.
According to Hissam Khandker, director of Delcot Enterprise Ltd, a leading cotton importer of Bangladesh, it is a short-term hike. He hopes that the price will start declining from November when new crops will be available in markets.
