Global Price Hike Gives A Major Boost up To Indian Cotton Industry

Indian cotton industry recently got momentum due to the price escalation in the global markets.The market price of cotton has soared to a record high in four years and this will help indian cotton exporters to rub shoulders with their fellow counterparts of Australia Brazil and the USA . Chirag Patel of Jaydeep Cottons has expessed that the buyers from Banglsdesh and Pakistan are regularly buying cotton from India. Atul Ganatra the president of the Cotton
Association of India has told reporters that the foreign buyers are continuously buying cotton from India . A trader also said on condition of anonymity that in January they said that they thought they could export 5 million bales but shortly that would cross 6.5 million bales.The stocks may be exhausted due to growing demand in domestic as well as foreign markets.

by TNBC Staff Reporter on March 15, 2018

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