Source: (Source: The Hindu Businessline)

Subramani Ra Mancombu |Chennai,

May 17, 2022

Lack of quality produce pushing up rates despite higher pressing of raw cotton

Cotton prices in the Indian domestic market topped a record Rs.1 lakh a candy (356 kg) as global prices for the natural fibre topped 150 US cents a pound (Rs.92,000 approximately).

“Cotton prices firmed up during the weekend itself. Best quality cotton is quoted at Rs.1.10 lakh a candy, medium quality at Rs.1 lakh and cotton of lower quality is offered at Rs.90,000-95,000,” said Rajkot-based Anand Poppat, a trader in raw cotton, cotton yarn and waste. (Source: The Hindu Businessline)