By admin       2018-03-27

Deepak Mehta, Head – Agri & Energy, MCX, stressed that price risk management is important for the cotton sector. “The market size is huge at ₹65,000 crore and in 2017-18, the risk cover was only to the extent of ₹9,000 crore,” he said, urging the participants to utilise the MCX platform more aggressively. Earlier, delivering the key-note address, G Chandrasekhar, commodities market specialist, said that rising income and the “natural” fibre status would increase the demand for cotton. “The domestic demand is given, but the challenges in supply could impact. As India integrates with the global market, the stakeholders must take a 360 degree vision, as the cotton prices here will be decided by what is happening globally.” J Thulasidharan, President, Indian Cotton Federation, said there is no specific quality standard on cotton quality in India, but quality per se of the cotton produced here is good.

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