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Cotton Prices Mostly Steady In Central, South India Amid Cautious Trade

25 Apr 2019 7:10 pm
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MUMBAI (Commoditiescontrol) - Cotton prices ruled mostly steady with slight downside in Central and South India on Thursday amid limited trading activities as both buyers and sellers remained cautious and waited for any further changes in the market ahead of the US weekly export sales data.

The Shankar – 6 Variety (A grade 29 mm) in Gujarat fell by Rs. 50 or 0.1 percent at Rs. 46,400-46,600 per Candy.

Markets were steady in Maharashtra with prices remained unchanged in most regions due to limited trading activities. In Jalgaon, the 29mm+ variety of cotton was trading lower by Rs. 50 or 0.1 percent at Rs. 46,500-46,600 per Candy.

The 30 mm+ Variety of Cotton in Warangal, was trading lower by Rs. 150 or 0.3 percent at Rs. 47,800-48,300 per Candy.

In Karnataka, prices of Cotton Variety 29mm fell by Rs. 200 or 0.4 percent at Rs. 46,800- 47,000 per Candy and the best quality of cotton which is DCH (34-36 MM) was left unchanged at Rs. 55000-58500 per Candy.

The total arrivals today in Central and South stood at 27,500 Bales and 6,500 Bales, respectively.

Globally, the July Benchmark cotton contract on Intercontinental Exchange ended down by 1.0% at 77.12 cents per lb on Wednesday tracking strong dollar. The commodities valued in dollars such as cotton get expensive for other countries to import by a stronger dollar, thereby hitting the demand.

(By Commoditiescontrol Bureau)

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