Related Keywords: cotton industry, cotton price, Indian cotton exporter
Indian Cotton exporters who had entered into forward supply contracts with buyers mainly from China for December and January in the range of Rs 38,500-41,000 per candy had to settling them at a loss as when they actually entered market to procure cotton to fulfill that orders. As cotton price has gone up nearly by 10% in last one and half month to Rs 43,000 per candy.
The cotton price had increased to over Rs 43,000 per candy in major markets like Gujarat and at this price level export was not viable as global cotton price was down.
