Indian cotton prices continue to fall

2019-02-05 14:03:07
India's cotton market has been quiet recently, the Secretary-General of South India Cotton Association K. N. Viswanathan said that the reason for the recent decline in the price of cotton in India is mainly due to the large number of cotton farmers who dumped their cotton in their hands while the demand for cotton by textile companies continued to slump. At present, most of the southern processing plants have stopped production, and the textile industry is generally facing power shortages. On May 6, India's S-6 cotton traded at 44,000 rupees/Kande, and on May 10 it fell to 41,000-42,000 rupees/kande, and there was no transaction in the market. Viswanathan predicts that in the next month or so, India's new flower market will be listed at 0.77 million tons, and 2011/12 cotton production will be at 518.5-530.4 million tons.

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