India listed accelerated rise in cotton prices temporarily restricted - of the crop Textile information - Textile net - Textile integrated service provider

Media news, the price of domestic cotton high stabilization, continue to increase supply and textile slowing demand temporarily limit the cotton price trend. According to statistics, at present the new Indian flower market average 13 - can be achieved 13. 50000 packages, including 40000 packages of maharashtra, gujarat. 3. 50000 packages, andhra pradesh 4. 40000 bag, 1 other states. 60000 bales. Growing concern by the fed to raise interest rates again, the Indian rupee against the dollar to a three-month low. In the past week, India MCX cotton futures contracts in March the price broke through the 20180 - 20200 rupees/package of strong support, to - 20700 20750 rupees/package range-bound.