Related Keywords: 500 per candy, apex body of textile industry, cotton prices would come down, eighty percent crop, Indian Texpreneurs Federation, not much drop in cotton crop this year, short-term speculative increase, speculative price increase this week, tune of Rs. 1, yet to reach market
Indian Texpreneurs Federation, an apex body of the textile industry, strongly believes that the speculative price increase this week in cotton to the tune of Rs. 1,500 per candy would not sustain and was only a short-term speculative increase and that cotton prices would come down.
ITF convenor Prabhu Dhamodharan said that though there are issues in the ‘quality of crop’ in the current cotton year in a few states, overall there would not be much drop in cotton crop this year.
