Increased demand from mills and exporters led to a rise in cotton prices last month, by Rs 2,500 a candy (356 kg). According to industry sources, restricted selling by farmers was one reason. Prices moved up from Rs 38,300-38,500 a candy to Rs 40,800-41,000.
“Thanks to improved export, there has been a heavy rise in demand from domestic mills. To create stock, domestic yarn mills also bought cotton in large quantities during December,” said Arun Dalal of Arun Kumar & Co, a leading cotton