Live Spot Prices
RBD Palmolein ( MCX ) 665 | Zinc ( MCX ) 181.5 | Lead ( MCX ) 147.5 | Menthol Oil ( MCX ) 1710 | Barley ( NCDEX ) 1768 | Soya Bean ( NCDEX ) 3363 | Turmeric ( NCDEX ) 6522
India's forward Cotton export contract more than doubles in 2018-19
Commodity Online | September 14 2018
UPDATED 17:13:05 IST

India urges China to lift import ban on Rapeseed meal

Kharif acreage increases 0.61% to 1057.81 lakh hectare

UP hikes Paddy purchase price by up to Rs 200 per quintal

NAFED to sell Pulses in depressed market to procure new stock

Maharashtra Sugar output may fall below 100 lakh tonnes

India’s forward export contracts of cotton have more than doubled from about seven lakh bales in September 2017, driven by increased demand from China, lower domestic prices and depreciation of the rupee.

Exports would go up in this financial year despite expected projections of tight supplies and increase in minimum support price (MSP) by the government, industry sources said.

"We have signed export contracts for 14-16 lakh bales (of 170 kg each). About 75% of these contracts are for export to China,” a top official of Cotton Association of India (CAI) said.

“The 25% duty imposed by China on cotton imports from the USA will make Indian cotton more affordable to Chinese buyers,” the association said.

Bangladesh and Vietnam are the other buyers that have signed some forward contracts for Indian cotton.

Commodity Arrivals Rate
Mustard Oil 34.5 10000.00
Coconut Oil 35 17950.00
Arecanut 1.92 21500.00
Sugar NR 3900.00