Indian cotton fell by 300 rupees/candy
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The best-quality Sankar-6 is down 300 rupees to 39,000-39,200 rupees/candy, while the lower-grade and intermediate cotton is priced at 33,000-37,500 rupees/candy. Cash cotton or kapas cotton sales price 910-925 rupees / Mengde (20 kg). The number of arrivals in Gujarat is 9,000 bags - 10,000 bags, 170 kilograms per pack.
Kapas Cotton, which was delivered by the National Commodity and Derivatives Exchange in February, fell 4.10 rupees to 729.50 rupees per month, while 142 contracts were outstanding. In April, the contract fell by 7.30 rupees to 726.30 rupees, with 7,718 open interest contracts.
Mr. Avadhesh Sejpal, a cotton broker in Rajkot, said that after the Diwali Festival, cotton may fall by Rs 1,000/candy in the second week of November.
Global production is higher, but demand is reduced, which may lower the price of domestic cotton in India from October 2011 to September 2012. If the price is lower than the current minimum support price, Indian Cotton Company may raise the minimum support price. 
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