Cotton Markets Trading Firm – Farmers Receive Good Returns
Export prospects of Indian cotton has increased once again as domestic prices are a huge discount from overseas cotton prices, which may increase the attractiveness of Indian cotton in the global market. Cotton (Kapas) at centres of Kadi and Rajkot had gained Rs.20-25 per 20 kgs over previous week. This season has been quite favorable for the Indian farmers in getting good returns from their produce. The latest USDA report has projected world’s cotton mill use in 2020/21 at 117.2 million bales, which is 14 percent above 2019/20. Meanwhile, global cotton trade is projected to increase, with 2020/21 exports forecast to reach their highest since 2012/13 at 43.9 million bales.
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