Category: Cotton
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India: Cotton prices under pressure as global rates ease and arrivals rise
Global cotton futures ease to 80.13 cents/lb from 93 cents/lb New-crop arrivals rise to 50,000-55,000 bales/day amid muted demand India’s cotton market is likely to remain under pressure as weaker global prices, rising new crop arrivals and muted mill demand weigh on domestic values. However, expectations of lower production could provide some medium-term support. Global…