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Cotton prices feel by 20%

Written By Views maker on May 11, 2011 | 5/11/2011

The cotton prices have fallen due the improved production and due to lower international demand. Prices of Shankar-6, the benchmark variety of cotton, have fallen 20% to Rs46,000-48,000 per candy from Rs62,000 a month ago. It quoted Rs51,700 a candy on April 29. One candy is equal to 355 kg of cotton. The yarn prices in response has fall by about 10%, which is a serious concern for the spinner those who have bought cotton at higher prices and cotton has lost the value due fall in cotton price. This is good news for both domestic manufacturers and exporters.