Bullish sentiment prevailed in the cotton market at global front. Volatile situation was observed nearly in all the cotton markets.
New York Cotton Futures rose higher through out the week except one day session. This factor also pushed the prices higher in other cotton markets and most of the sellers were firm in their asking and demanded prices at higher level. Many cotton suppliers also hold their prices and adopted the wait and watch policy.
Indian cotton prices also moved up and increase of around 2 to 3 cents per Lbs was observed.
Cotton Prices from CIS and west Africa origin were also firm and higher. Overall upward trend in cotton was visible all the week.