Unexpected rains have firmed up cotton prices

News Tags: after November, contributed to the bullish trend, Delay in harvest of fibre crop, downward movement in price, firmed up cotton prices, Gujarat, increase in buying by millers, key growing regions, Madhya Pradesh and Telangana, Maharashtra, other states, price rise temporary phenomenon, spot and futures markets, unexpected rains

Ahmedabad
Unexpected rains have firmed up cotton prices
Summary: 
Delay in harvest of the fibre crop in the key growing regions of Maharashtra, Gujarat, Madhya Pradesh and Telangana and other States due to unexpected rains have firmed up cotton prices over the past few days. According to Biren Vakil, an analyst with Ahmedabad-based Paradigm Commodities, the price rise is a temporary phenomenon. They may see some downward movement in prices after November. But till then, some more upside can be seen.

Delay in harvest of the fibre crop in the key growing regions of Maharashtra, Gujarat, Madhya Pradesh and Telangana and other States due to unexpected rains have firmed up cotton prices over the past few days. According to Biren Vakil, an analyst with Ahmedabad-based Paradigm Commodities, the price rise is a temporary phenomenon. They may see some downward movement in prices after November. But till then, some more upside can be seen.

http://www.thehindubusinessline.com/economy/agri-business/copyofbl12ndvgkcottonpricebl/article9901380.ece
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