Cotton Corporation of India Ltd (CCI) market intervention meaningless till cotton prices rule firm
19th August 2021, Mumbai:
Cotton Corporation of India Ltd (CCI) state-run firm although is keeping a close tab on the market dynamics staying prepared for MSP operations at the 1st opportunity.
What contributes to this fragile demand supply equation
WATCH: https://www.youtube.com/watch?v=G2blP2du9aE
Sustained demand from mills, depleting & dwindling local stocks, surprisingly higher & sustained than exports traction on the back of global trade growth and an consistent decline in hectarage area being currently sown under the cotton crop are clearly factors leading to cotton prices buoyancy & bullishness.
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