Cotton prices in India surge 4% in one day, reaching a two-year high due to global demand and supply chain disruptions.
The widely-used Shankar 6 variety of cotton that is grown largely in Gujarat touched ₹60,500 a candy on Tuesday (April 21) which is about 8.5% higher than the price a month ago.
Cotton prices in India witnessed a sharp 4% single-day increase as the Cotton Corporation of India raised rates by ₹2,900 per candy, driven by global market trends.
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