Related Keywords: CAI, change in Chinese reserve policy, cotton export, cotton prices, cotton season, decline in prices, demand for better quality, domestic consumption, explore new market, ICE, showing signs of recovery
In the last week of January cotton prices ruled at at Rs14,420 a bale (170 kg) – near a five-year low which is some 14 percent below the levels seen at beginning of the cotton season, which began in October. However, cotton prices have now been showing signs of recovery over the last one month.
Decline in prices is attributed mainly to record domestic production and waning exports to China due to change in its reserve policy.
