Trade tensions near Nagpur impact onion and cotton, affecting orange growers and cotton farmers in Vidarbha. Export policies and market fluctuations pose challenges, prompting farmers to seek alternative solutions like pulp factories amid the crisis.
Cotton prices at the global level have risen to an 18-month high, making the biggest gains since September 2022, with the price rise in February 2024 seeing an uptick of 27% globally and 16% in India.
Cotton prices are off their lows at midday, but still down by 120 to 293 points for the session. Zhengzhou Cotton Prices were 220 to 255 yuan/MT higher after…