Cotton prices to remain firm as farmers hold crop

Raw cotton prices have refrained from fluctuating owing to lower arrivals of crop and high consumption estimates. About 208-210 lakh bales of cotton that is 61 per cent of the estimated production has already arrived.

The Cotton Association of India has estimated this year's cotton consumption at 295 lakh bales that is 5 lakh bales more than last year's consumption of 290 lakh bales.

The Sankar-6 cotton candy (of 356 kg each) of Gujarat hovers around Rs 42,600 to Rs 43,300, according to Hindu Business Line. (KD)

Fibre2Fashion News Desk – India