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OPINION

Published 22:46 IST, March 26th 2024

Commodity trading giants get in cotton M&A spin

Granted, the European behemoth run by Michael Gelchie has the right to match any new offer.

India's cotton production for the 2023-24 marketing season is estimated at 29.51 million bales, marking a 15-year low due to reduced planting influenced by the El Nino effect.
Both suitors might keep spinning out a higher price. | Image: Pexels
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22:46 IST, March 26th 2024