Cotton prices in India have increased further on demand from spinning mills and the trade. Domestic prices are tracking the upward movement in the global price trend, even as the weakening of the rupee against the dollar is making imports expensive.
On Friday, Cotton Corporation of India (CCI), currently the largest stock holder in the country, increased the natural fibre’s prices by Rs 300 per candy (356 kgs). Including today’s revision, CCI’s price list has improved by Rs 1,900 a candy since the beginning of this month.
CCI chairman-cum-managing director Lalit Gupta told businessline that the upward revision in prices was following the global price trend. There is a good demand for cotton and yarn. “We have been able to sell 39 lakh bales of 170 kg each in March itself out of the total procurement of 1.05 crore bales, which indicates a good demand,” he said.
ICE futures up 14%
Cotton Futures on the ICE market have gained by over 14 per cent since early March and are hovering above 69 cents per pound for May 2026 delivery and above 71 cents for July delivery.
“The way rupee is depreciating and ICE Futures are going up, cotton price for good quality is likely to up in the coming days,” said Atul Ganatra, former president of Cotton Association of India (CAI) the apex trade body.
Ramanju Das Boob, a sourcing agent in Raichur said the demand is going up as strong dollar and rising global prices are making the imports expensive. “There is a good demand for cotton from not only the mills, but also the multinational trading firms as they are finding the Indian prices attractive at current levels as rupee weakens further against the dollar,” he said.
In the recent weeks, the demand for the Indian cotton yarn has also gone up from countries such as China, Bangaldesh and Vietnam amidst the disruption in the global supply chain due to the ongoing war.
Published on March 27, 2026
