Cotton Prices Show Mixed Trend in Andhra & Telangana; Daily Arrivals Steady

New Delhi, May 23 (Commodities Control): Cotton prices showed mixed trend in the markets of Andhra Pradesh and Telangana on Thursday, while the daily arrival of Kapas has stopped.

In Telangana, cotton prices increased, whereas in Andhra Pradesh, they remained stable. According to traders, the outstanding stock of cotton with the Cotton Corporation of India (CCI) is higher in these states, and CCI is selling cotton at prices above the spot market rate. This situation may cause a slight improvement in prices, but a significant rise is unlikely due to weak demand for yarn in the domestic market.

Today, in the domestic futures market, cotton prices showed a mixed trend. Kapas prices settled at Rs 1,601 per 20 kg in the April-25 futures contract on NCDEX. During this period, cotton prices in the May-24 futures contract on MCX rose by Rs 280 to Rs 56,260 per candy.

The arrival of cotton in these states totaled 2,500 bales, with Andhra Pradesh accounting for 2,000 bales and Telangana for 500 bales. This is consistent with the previous trading day's arrival figures.





(By CommoditiesControl Bureau: +91-9820130172)