Prices may rise by March end, when market despatches will reduce. A weakening of the rupee will also help overseas demand for India’s cotton exports, they said. India shipped about 25 lakh bales of cotton in the four months ended January to Bangladesh, Pakistan, Indonesia, Vietnam and China.
“In 2019, due to tighter supply situation as well as robust export demand following trade tension between the US and China, cotton prices will remain firm,” said Veeresh Hiremath of Karvy Consultants.
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