W40 Reports Increase in Indian Cotton Prices Due to Countrywide Rains

Since the beginning of the month of Oct-22, cotton prices in India's domestic market have increased by 3 to 9%, reaching USD 405.89/bale (INR 33,600.00/bale) in W40. Prices have increased due to low arrivals that show a 20-year low due to rains in various regions of India. If the weather improves, the arrivals will rise, and the price of cotton will decrease.