In comparison to its predictions made in December 2022, the International Cotton Advisory Committee (ICAC) Tuesday reduced its outlook for cotton prices globally. According to ICAC’s May projection, the season’s average price is expected to range between 96.1 and 111.3 cents per pound, with 102.77 cents being the middle. This is less than the midpoint…
Since the beginning of this month, cotton prices have increased 39% on the domestic Indian market. However, due to rain in many regions of the nation, cotton arrivals have decreased to a 20-year low.But as arrivals pick up steam in the current season (October 2022–September 2023), trade and industry officials say prices are predicted to…
Spinning mills, mostly in South India, have started to sign deals to import cotton following the Centre’s decision to allow the natural fibre’s shipments into the country duty free until September 30. Mills in Tamil Nadu have started placing orders for imported cotton. As a plan, mills were placed orders for 3040 days of production…
