Despite the prospects of higher cotton crop for 2007-08, estimated at 31 million bales (1 bale=173 kg) from 28 million bales in 2006-07, prices are seen firm in the week ahead as sellers are holding back stock, analysts and traders said today.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>&#34Sellers are holding stock for higher prices. This has reduced daily arrivals to about 40,000 bales today from 55,000 bales two weeks ago. The situation may push prices up in 3-4 days,&#34 said analyst Samir Ghosh at Kotak &amp; Co. </P></p><p class='TableClas'></p></table>


Cotton prices to rise despite higher output

Also Read

Andhra Bank Q4 net dips 10.4% on high MTM loss

Oil basket crosses $110 mark

Govt scraps wheat tender on high prices

IOB raises rates on new sub-PLR loans

Import wheat for PDS, six states told

Explore News