Related Keywords: Cotton market, in line with global trend, Indian cotton prices have risen, KCA, leading cotton markets holding high ground, only moving in a narrow frame, prices remaining on the higher side, replenishing their stocks from the local market, small spinners, spot rate were unchanged, trading activity continued fairly brisk
At cotton market trading activity continued fairly brisk with prices remaining on the higher side on Thursday. This was in line with global trend where leading cotton markets are holding high ground and only moving in a narrow frame.
Prices on the New York cotton market remain balanced between a seasonal high of 75 and 77.21 US cents per lb. Similarly, Indian cotton prices have risen to Rs42,000 per candy (356 kilograms) while Chinese cotton prices were on the higher side.
