With arrivals at 90,000 bales a day at market yards market is stable

Related Keywords: cotton farmers, Cotton market, cotton prices, huge stock of yarn, Indian cotton as the fibre from India is not standardized, Indian Cotton Federation, quality cotton, spinning sector, Textile scenario, yarn sector

Mumbai
Summary: 
When asked if the present situation would augur well with the cotton farmer as his realisation is not on expected lines, the ICF President said, “there is a global surplus. There are no takers for Indian cotton as the fibre from India is not standardised.” Due to tight financial situation prevailing in the spinning sector and comfortable availability of quality cotton, the prices are expected to remain steady. “The monsoon would be a major deciding factor for cotton prices for the period between June and October 2018.”

When asked if the present situation would augur well with the cotton farmer as his realisation is not on expected lines, the ICF President said, “there is a global surplus. There are no takers for Indian cotton as the fibre from India is not standardised.” Due to tight financial situation prevailing in the spinning sector and comfortable availability of quality cotton, the prices are expected to remain steady. “The monsoon would be a major deciding factor for cotton prices for the period between June and October 2018.”

https://www.thehindubusinessline.com/economy/agri-business/cotton-body-sees-a-stable-situation-on-higher-stocks/article23686266.ece
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