New Delhi, May 22 (Commodities Control): Cotton prices in Karnataka remained stable for the fifth consecutive trading day on Wednesday due to limited purchases from spinning mills. Additionally, the daily arrival of Kapas in the state's mandis remained stable.
According to traders, spinning mills are purchasing cotton in limited quantities in the domestic market, which has kept prices stable in the spot market. Although cotton prices have improved in the international market today, ginner sales are lower than before. A significant rise in prices is expected only if local demand for yarn increases. Moreover, Kapas and cottonseed prices remained stable in the state.
The domestic futures market showed an upward trend in cotton prices today. The April-25 futures contract for Kapas on NCDEX rose by Rs 2 to Rs 1,589.5 per 20 kg. Similarly, the May-24 futures contract for cotton on MCX increased by Rs 100 to Rs 55,860 per candy.
On Wednesday, the arrival of Kapas in the state's mandis was reported at 1,500 bales, each weighing 170 kg, consistent with the previous trading day's arrivals.
(386)(1).png)
(By CommoditiesControl Bureau: +91-9820130172)
0 Comments 
Post Comment 
