The sharp rise of seed cotton arrivals is related to more active cotton harvest

The sharp rise of seed cotton arrivals is related to more active cotton harvest, but the daily arrivals have not achieved year’s peak–about 155,000 bales equivalent lint. In addition, the price of lint in India local market was also heard to slump further. As a result, Indian cotton yarn prices declined and the price spread between forward and spot ones narrowed. The figure below shows the price change of forward Indian cotton yarn since Nov 8.