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2018
KEEPING YOU AHEAD
International Highlights
Date US Cotton Index (Cents/ Pound) ZCE (Rmb/Tonne) Indian Cotton (Rs/ Maund)
1-Mar-18 81.72 15235 4230
2-Mar-18 82.15 15170 4230
5-Mar-18 84.86 15305 4240
6-Mar-18 85.17 15400 4310
7-Mar-18 83.03 15310 4270
8-Mar-18 83.33 4250
Market Roundup
US Cotton is hovering at 83.34 cents/pound level. Expected increases in exports would help to trim ending stocks for the US 500,000 to 5.5 million bales. In
India, There is good demand for Indian cotton from overseas markets this season. Bangladesh, Pakistan, Vietnam, Indonesia and various other countries are
buying cotton from India heavily this season. Around 40 lakh bales of cotton have been exported from the country so far and another 15-20 lakh bales are
expected to be exported by the end of this season. In North India, ready delivery new crop cotton traded at Rs 4,240-4,260 a maund. Gujarat Sankar-6, A-Grade
new crop (29 mm, 3.8 mic) cotton traded at Rs 41500-42000 per candy. while B-Grade crop cotton traded (28 mm) flat at Rs 39500-40000 per candy.
Most of the A Grade mills are offering from Mid-May onwards shipments, while few Gujarat mills have end April Shipments for specific counts.