Chandigarh: Cotton spot prices are expected to break the prolonged-bearish price trend in Northern markets where the arrival of fresh cotton is set to be delayed due to recent rains in Punjab, Haryana and Rajasthan. Arrival of fresh crop is expected to be delayed due to rain that has drenched the North-eastern states. Arrival of raw cotton has begun in the last week in markets in Southern Haryana, signalling onset of fresh cotton season in North. The cotton arrival peaks by end of S
"Prices may show upward trend in coming days due to delay in market arrival of fresh cotton after recent rains," Textile manufacture Vardhman TextilesBSE 0.58 %' director (raw materials) I J Dhuria said. He said that the cotton supply in global market is expected to be comfortable as area under the crop has increased in major growing countries including India, China, US, Brazil and Pakistan.