Mar-17 is at: 65.93 Volume = 3,852
May-17 is at: 66.14 Volume = 563
Recently, on 611 bales traded, the trading platform TheSeam.com reported an average cash price of approximately: 62.38.
On the nearby contract, that puts the average basis at approximately: –3.43 points.
Cash prices are averaging approximately 11.47 cents over loan value.
Current India Balance Sheet (2015/2016)