Trade sees prices stabilising at current levels

Compared to the last month, the market arrivals have almost halved and slipped below 50,000 bales (170 kg each) on a daily basis

As the daily market arrivals of cotton have slowed down amidst a subdued price trend, ginners are seen reluctant to sell their produce at lower prices. Prices of cotton, which were on a downtrend till last week are seen stabilising at the current levels, even as the futures price on ICE have shown a slight uptake.