India cotton prices seen rising on demand from China
1/11/2012 12:02:01 PM
MUMBAI: Cotton prices in India are likely to rise this week on aggressive buying by exporters, expecting a good demand from China, the world's largest consumer and from yarn makers.
"Earlier, everybody was worried about demand from China. Now, that fear has gone, and the cotton prices could rise by up to 800-1,000 rupees per candy (356kg)," said Dheerajbhai Khaitan, a trader based in Rajkot, Gujarat.
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