Cotton Complex Traded Mixed Last Week

Cotton complex traded mixed last week on anticipation of good arrivals in physical market coupled with good demand. Still the arrivals have not reached as expected numbers as farmers are not able to harvest their crop due to cash crunch. For the current season, cotton arrivals in the country is expected to have reached about 20 % for total expected arrivals of 350 lakh bales at 72 lakh bales (lb) as on 20 Dec, 2016. As per latest release by CAI, the total supplies of cotton in the domestic market during 2016/17 will be lower at 408 lakh bales compared to last year supplies of 427 lakh bales due less carry over stock and imports.

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