Cotton price expected to remain firm with good export demand

News Tags: cotton, Cotton Association of India, cotton price, export demand, NCDEX

Chennai
Cotton price expected to remain firm with good export demand
Summary: 
Cotton prices are expected to remain moderately firm in the near term. However, profit booking at higher levels is likely to keep prices under check. However, if the US dollar gets stronger against the rupee, there could be good export demand for cotton. This can also firm up domestic price, according to Mullick, assistant vice-president for retail research at Religare Commodities.

Cotton prices are expected to remain moderately firm in the near term. However, profit booking at higher levels is likely to keep prices under check. However, if the US dollar gets stronger against the rupee, there could be good export demand for cotton. This can also firm up domestic price, according to Mullick, assistant vice-president for retail research at Religare Commodities.

http://www.mydigitalfc.com/commodities/higher-supply-export-demand-likely-keep-cotton-price-firm-890
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