GP Cotton

Today Indian Futures market was somewhat under pressure. But there was good spot demand in domestic market by domestic mills and traders.

Cotton bales stock is very less in India. September end will be crucial time for domestic mills. Will prices cross 50000 and reach to 53000-55000 next level....is this pressure in todays future market will work as spring for next level.....

http://economictimes.indiatimes.com/news/economy/agriculture/cotton-area-in-maharashtra-declines-by-6-3/articleshow/22069762.cms

Cotton area in Maharashtra declines by 6.3% - The Economic Times Cotton acreage in second largest producer Maharashtra has declined by 6.3% due to last year's drought in the state.

Cotton market in India is very strong and heading towards 50000 mark per candy. Crop has been damaged in areas of baroda, bharuch in gujarat and also there is lot of damage to crop in Madhya pradesh due to heavy rain and water logging in the farms and water floods.