INDIA COTTON PRICES FALL STEEPLY
December 1st, 2014
Cotton prices in India have crashed because of higher production and falling export demand, which is benefiting the country’s textile industry. “Chinese markets for cotton and yarn have suddenly withdrawn and we have a bumper crop this year,” Arvind Sinha, national president of The Textile Association (India), in Mumbai, told just-style.According to the Cotton Corporation of India, current domestic prices for S-6 variety of cotton are falling below the minimum support price of USD65 per 100kg fixed by the government, while at the same time last year, they ...
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