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Cotton stock at MCX warehouse hit a new high on export demand


Cotton stock at MCX warehouse hit a new high on export demand
March 08, 2021
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Cotton stock in MCX accredited warehouse has touched a new high of 2,16,600 bales as on March 5 against previous high of 2,14,700 bales logged on March 30, 2019. The rising stock at warehouse was on the back of increasing hedging activities as the export demand, especially from China, has hit a new high. China has a low inventory.
Cotton prices have gained over 10 per cent so far this year following the firm trend in the global cotton trade. Cotton production globally is projected to touch a four-year low and imports by China are estimated higher. The Centre’s decision to impose a ten per cent duty on imported cotton is seen as supporting domestic price. ....

Ajay Kumar , Sanjay Agarwal , Cotton Association Of India , Cotton Corporation Of India , Sai Enterprises , Kedia Commodities , Cotton Corporation , Cotton Association , அஜய குமார் , சஞ்சய் அகர்வால் , பருத்தி சங்கம் ஆஃப் இந்தியா , பருத்தி நிறுவனம் ஆஃப் இந்தியா , சாய் நிறுவனங்கள் , கெடிய பொருட்கள் , பருத்தி நிறுவனம் , பருத்தி சங்கம் ,