Related Keywords: Cotton Association of India, cotton bales, due to pink bollworm attacks in some states, likely to see jump in cotton prices, prices have increased by Rs250-300 per quintal last week, six to seven percent in a week, Trade is speculating a big fall in cotton output
As the trade is speculating a big fall in cotton output due to pink bollworm attacks in some states, even though there is little clarity yet on the extent of the damage. Prices have increased by Rs250-300 per quintal last week and it is likely to see jump in cotton prices by 6to7 percent in a week.
Various government and trade bodies have undertaken surveys to reassess the crop. A Maharashtra government official, who did not want to be named, said the fall in yields could be 15-20%.
