Related Keywords: coming days rupee depreciation increased, commodity’s import cost, depressed buying activity, likely to see an upward trend, local cotton market, prices of cotton, uncertainty in cotton market
The local cotton market likely to see an upward trend in prices of cotton in the coming days as rupee depreciation increased the commodity’s import cost, an industry official said on Wednesday. The uncertainty in cotton market has depressed buying activity.
With jump of Rs200/maund, the price of cotton reached the record level of Rs7,300 per maund, which is the highest in the current season, the official said.
