By admin       2018-06-07

The Cotlook A-Index is currently projected at 81 cents per pound for 2018-19. However, considering the emerging scenario, prices have the potential to rise by as much as 25 per cent and touch the psychological 100 cents and breach it decisively. This possibility arises because speculative capital is waiting in the wings and will move in swiftly which in turn will exaggerate the price action. As the world’s largest exporter the US is expected to substantially benefit from China’s imports. Cotton exports out of India are also likely to accelerate especially because of the depreciated value of the rupee. In recent years, Bangladesh has emerged as an important buyer of Indian cotton. The writer is a global agri-business and commodities market specialist. Views are personal.

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