Market NewsCommentROUGH MARKET


The surge in better-end rough is showing no immediate signs of receding. Prices in medium to lower qualities appear to be softening. Cheap rough prices have reportedly deteriorated with no buying interest. Traders are hoping for a depletion of stocks in the Indian cutting centres in the next few weeks for demand to pick up. A prolonged lack of demand in the cheap goods from retailers in the main US market leaves this segment vulnerable to liquidation selling at heavily discounted prices. This could trigger some speculative buying, especially with the weakening dollar. Browns generally have been very strong with India proving the main market.

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