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Commodity Compass | Cotton rides high on favourable market conditions

A confluence of factors has taken cotton prices higher and as of now, that trend looks set to continue

May 29, 2019 / 09:17 AM IST
Commodity Compass | Cotton rides high on favourable market conditions

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Cotton prices are going through a volatile period in this season (October to September) on the back of lower crop estimates, strong demand and bullish global indicators. Cotton prices have been known to move 15-20 percent either way in a month. Since it is not classified as an essential commodity, there are no legal impediments that can come in the way of this volatility.   Cotton is one of the few commodities whose price has stayed at or above the minimum...

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