By admin       2019-04-01

The commodity has been a consistent performer for the past couple of years, and is expected to retain its firmness even in 2019.The future prices of cotton surged from a low of ₹19,970/bale in February to the high of ₹21,360/bale in March, mainly due to reports of an unexpected drop in output estimates and encouraging demand from China. The commodity has been a consistent performer for the past couple of years, and as things stand today, it is expected to retain its firmness even in 2019, though with limited gains. However, the downside risks of a good monsoon bettering the crop’s prospects, a stronger rupee and the expectation of China buying more cotton from the US may restrict the gain.

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