 "Cotton price rally may continue on tight supply")
Cotton prices may touch Rs 43,000 per candy (a candy of 355 kg) by end of January on account of short supply and improved exports as well as demand from domestic mills. The commodity prices have already gone over 10% to Rs 41,500-42,000 a candy in past two weeks.
According to the industry, daily arrival of cotton, which should have been more than 225,000 bales (a bale of 170 Kg), is about 150,000 bales. Everyone is trying to meet their export shipment deadlines and domestic demand and prices remain firm. Traders and ginners said that farmers want cash rather than cheques
