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"Although we are not able to know the exact reason for the sluggish demand, we think that the people are not enthusiastic about buying new clothes as they are probably sufficiently stocked up," Mehta said. "Or, the lure for buying new electronic items could be stronger than for buying new clothes."
Synopsis Traders, millers and brokers are upbeat that the rising trend in cotton prices will sustain in 2021-22 owing to projections of lower sowing in major cotton growing countries such as the United States, Brazil and India. Prices of Indian cotton have increased 5% in the past one month, following the bullish trend in international prices. However, cotton exports are strong as Indian cotton is cheaper than the overseas varieties. Traders, millers and brokers are upbeat that the rising trend in cotton prices will sustain in 2021-22 owing to projections of lower sowing in major cotton grow...