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Cotton price likely to move up on tight supply and improved exports

Related Keywords: cash shortage, continue to increase further, cotton prices, exporters, Farmers are not aggressive to bring raw cotton, gone up due to short arrival, good demand from domestic mills, kapas, mandis across India, no rise in supply in near future, pipeline is still dry, Punjab cotton ginners association

Cotton prices have gone up due to short arrival and good demand from domestic mills and exporters. It may continue to increase further as there is no hope for rise in supply in near future and pipeline is still dry. Farmers are not aggressive to bring raw cotton or kapas in the mandis across India due to cash shortage, said Bhagwan Bansal, president, Punjab Cotton Ginners Association.

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