Due to strong domestic demand, declining cotton stocks and a 10% tariff on imported cotton, Indian cotton prices have continued to rise rapidly recently. In July, the Indian cotton price rose by 3,800 rupees within 15 days. The soaring cotton price put heavy pressure on the industry and caused India
As the macro environment continued to be turbulent, negative-feedback in commodity market has also been given out. For example, front-month contracts of PSF and cotton showed a large fall. Cotton price has fallen dropped below pre-holiday price, while PSF one was in range-bound at the level before C