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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.

Cotton ginning industry faces loss due to weak prices

Related Keywords: almost half of ginning units not operational, Cotton ginning industry, cotton lint, cotton prices fallen, cotton seed, due to weak prices, facing loss on trading, Gujarat top cotton growing state, Punjab cotton ginners association, raw cotton, SGA

The cotton ginning industry facing loss of about Rs 8 crore a day on trading roughly around 80,000 bales every day due to weak prices. There are around 4,500 ginning units in the country, almost half of which are not operational at the moment

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