Cotton prices in medium and long staple cottons remained high during the first fortnight of December, rising an average of four to five percent,compared to November.
The extra-long staple cotton DCH-32 recorded a steep rise of 17.4 per cent in December compared to November.
Second half of December saw prices sliding, according to the East India Cotton Association spokesperson.
The firm trend during the first half of December was obviously due to the rising demand from both mills and exporters.
The mills built up raw material inventory due to increased activity and reasonable prices, whereas exporters bought due to difference in domestic and international prices and surplus of medium and long staple cotton.
Mills and exporters slowed down their purchases because of rising stock position and decline in export margins, resulting in bringing down prices during the latter half of December.
Extra long staple cotton continued to remain firm due to supply short fall.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
