During the past week, Monsoon has completely withdrawn from major cotton belts across India. Spinning mills had started operating. Demand for yarn is also increasing from the domestic and export market. Further, Cotton prices are expected to remain firm for the coming week. Due to disparity, ginning factories are not running regularly. Cottonseed prices are firm. There is shortage of cottonseed in market due to lesser ginning process. Raw cotton prices went up sharply due to shooting up of ICE futures.
According to AgriWatch sources, cotton arrivals have increased in the market. Daily arrivals are around 70-75,000 per bales per day. Farmers in Northern India has put their cotton produce in stock in anticipation of increase in prices during the coming week.