Symbol: COTTON| Contract: Feb, 2016| Category: Fiber
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Cotton's Latest News
The government will be forced to make large-scale cotton purchases from farmers for a second straight year, following a cut in imports by top buyer China that has depressed prices, industry officials said.
Monsanto India's joint venture firm - MMB - has moved court against eight domestic seed companies for refusing to pay over Rs 400-crore 'trait fee' for using its Bollgard Bt technology in the cotton hybrids, a top company official said.
Cotton exports from India, the world's biggest producer and seller, are expected to fall 41 per cent to a five-year low of 7 million bales this crop year ending September as top buyer China curbs purchases, a government official said.
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|CRUDE PALM OIL||29-02-2016||0.61%|
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