India's cotton prices stabilized and stabilized, and the acquisition of seed cotton accelerated

India's domestic cotton price stopped falling on Friday. The Shankar-6 gin factory pick-up price was about 34,000-34100 rupees/candy, which was 80.50 cents/lb., and the Punjab J-34 new flower price was 3420 rupees/maund, which was 77.00 cents. /lb.

The purchase amount of seed cotton for the day was about 180,000 bales (30,000 tons), including 60,000 bales of Gujarat (10,200 tons) and 40,000 bales (6,800 tons) of Maharashtra. According to unofficial data, India’s seed cotton purchases last week increased by 40% from the previous week.