Related Keywords: amid lower international prices, arrivals of new kharif crop beginning in full swing, declined to about sevem lakh bales, domestic prices may remain high, for November December delivery, from fifteen lakh bales, government offering minimum support price to growers, India forward export contracts of cotton, to previous year
India’s forward export contracts of cotton have declined to about 7 lakh bales from 15 lakh bales for November December delivery to the previous year, amid lower international prices.
According to a Maharashtra based ginner, BS Rajpal, international prices are ruling low everywhere. Hence traders are cautious while entering into forward export contracts, fearing domestic prices may remain high with the government offering minimum support price to growers.
