Mar-17 is at: 65.24 Volume = 2,042
May-17 is at: 65.48 Volume = 221
Recently, on 335 bales traded, the trading platform TheSeam.com reported an average cash price of approximately: 56.57.
On the nearby contract, that puts the average basis at approximately: -8.42 points.
Cash prices are averaging approximately 6.55 cents over loan value.
Current India Balance Sheet (2015/2016)