Wednesday, June 13, 2018

Textile & Apparel Exports Negative News

Cotton prices are in Bull phase with closing stocks at 6-yrs low in India. As per reliable sources, Cotton will have closing balance of 16 L bales in 2017-18 compare to 30L bales in 2016-17 and price will move upto Rs.54000 per candy from present Rs.49000.There is a huge demand from millers & exporters this year as domestic demand has seen ~10% increase.We may avoid these sector in coming days.
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