Cotton prices may top ₹75,000/candy on tight supplies.
Currently, the cotton prices trade around ₹62,500–63,000 per candy and are expected to rise further steadily with arrivals drying up.
Cotton prices could touch ₹70,000-75,000 per candy in June-July.
BUT THIS IS ONLY SPECULATION may be wrong because –
Demand is uncertain as global GDP growth is expected to slow in the medium term, which may lead to a continued decline in cotton consumption.
However, sustained spending and lower apparel imports could lead to a drawdown in inventory and a potential recovery in demand. The effects of inventory adjustments may be tempered.
Spinning Mills must concentrate over quality to get optimum rates and better to develop a BRAND of their yarn for fatching best possible rates of yarn in all the situations.
If any Spinning Mill want more clarity about my statement should feel free to contact me ,without any fees.
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