India Cotton Fell By 300&Nbsp; Rupee /&Nbsp; Candy
Because India's Diwali fell to no spot.
cotton
Arrival, therefore, nominal paction of cotton.
Price drop
300 rupees / candy.
The best quality of the San card 6 varieties fell 300 rupees to 39000-39200 rupees / candy, while the lower and intermediate cotton sold 33000-37500 rupees / candy.
Spot cotton or kapas cotton
Sale
The price is 910-925 rupees / mender (20 kilograms).
The quantity of goods arrived in Gujarat is 9000 bags of -10000 bags, 170 kilos per pack.
Country
Commodities and derivatives exchanges
Kapas cotton delivered in February fell by 4.10 rupees to 729.50 rupees / Meng De, with 142 hand in open positions, 7.30 rupees to 726.30 rupees in April and 7718 hands in open positions.
Avadhesh Sejpal, a cotton broker at rachette, said that after the Diwali, cotton could fall by 1000 rupees / candy in the second week of November.
Higher global production and lower demand may reduce domestic cotton prices in India in October 2011 -2012 September.
If the price is lower than the current minimum support price, the India Cotton Corp may raise the minimum supporting price.
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