Related Keywords: contracted to import about fifteen lakh bales, from West Africa and the US, Imported cotton appears to be attractive due to better yarn realization, Jump in cotton prices in the country, landed costs on par with prevailing domestic market price, productivity and quality, spurt in import contract, textile mills have started importing cotton
With the jump in cotton prices in the country, there is a spurt in import contract as textile mills have started importing cotton from West Africa and the US as the landed costs are on par with the prevailing domestic market price.
Cotton prices have gone up by Rs 6,000 per candy (a candy is 355kg) or 15.8% since November. Price of the popular Shankar-6 cotton had on an average increased by Rs 2,500 per candy in the past two months and is now trading at Rs 44,000 per candy.
