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Cotton prices expected to stabilise - expert
14
Oct '10
Riding on the back of high prices of the commodity, though the cotton cultivators in Punjab are rejoicing, but this price rise is expected to stabilise in the near future.

According to the Punjab Agricultural University experts, taking in to account the government's existing export policy and predications regarding the production, usage, trade and prices of cotton at domestic as well as international levels, the commodity prices in the state would hover around Rs. 3,400 to Rs. 3,600 per quintal, this season.

Currently the cotton prices prevail at Rs. 3,700 to Rs. 4,500 levels, based on the quality. However an expert stated that the estimated decline in the commodity prices is very much susceptible to the modifications in export policy of the government. Cotton cultivators need to be alert and be aware of any changes in the export policy, prior to taking any decision regarding, selling their crop.

There is much ambiguity prevailing as regards the future price of the commodity and the cultivators too are not able to decide whether they should sell the crop at this point or hold it for some more time to reap higher prices by selling it at a later date, revealed the expert.

Fibre2fashion News Desk - India


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