This week, cotton prices declined in both the national and international exchange markets. In the International Cotton Exchange market, the May and December deals declined by 0.34 and 0.44 cents, respectively. While the deal price for the month of July saw an increase of 0.46 cents.
On the Multi Commodity Exchange market, the prices for the months of April and June have decreased by Rs.460 and Rs.380 respectively. Cotton prices on NCDX have also declined this week. For the month of April, a decrease of Rs 51 has been registered in the cotton price.
This week has been a downfall for Khal as well. On NCDX, for the three months of April, May and June, a decrease of Rs. 81, Rs. 90 and Rs. 102 has been observed respectively.
If we look at the exchange market of other countries, this week can be said to be mixed. A 2 point gain on the Cotlook A Index and a gain of 400 points on the KCA spot rate has taken place this week. While the Brazilian Cotton Index and the USDA spot rate saw a decrease of 1.42 and 0.48 respectively.
