KLC Close Today Due To Nuzul Al'Quran
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Cotton Prices Slightly Firm In North India On Positive Global Cues

26 Apr 2019 12:52 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
MUMBAI (Commoditiescontrol) - Cotton prices moved slightly up in Punjab, Haryana and Upper Rajasthan on Friday, tracking overnight gains in US natural fiber futures after two consecutive days of fall.

In Punjab the prices were up Rs. 10 or 0.3% at Rs. 4900-4970 per Maund. In Haryana and Upper Rajasthan prices also rose by 0.2 and 0.4 percent, respectively.

The total arrivals in North today stood lower at 1900 Bales from 2100 Bales on Thursday. As per the CCI latest report, the cotton arrivals in India were at 27.88 Million Bales as on 16th April’19 this season ending September.

Globally, the US cotton market was firm on Thursday despite the modest US weekly export sales data as traders covered their short positions in anticipation of the US-China trade deal.

US Department of Agriculture on Thursday showed US net cotton sales at 239,000 RB, up 10% from the previous week, but was down 9% from the prior four-week average.

Meanwhile, the focus has now shifted to the trade negotiations between US and China after US President Donald Trump said on Thursday that China’s president, Xi Jinping, would be coming soon to the White House. This fuelled expectations of a deal between the two countries soon.

On Multi Commodity Exchange (MCX), cotton for delivery in May was trading higher by Rs. 60 or 0.27% at Rs. 22,460 per Bale. (1215 Hrs. IST)



       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Cotton Prices Up in North Amid Buying Pressure
Maharashtra (Vidharba) Cotton Spot Rates As On 22 May
China Sells 100% Cotton At Auction On May 22
ICE Cotton Ends Down; Market Eyes US Export Sales Data
India Daily Cotton Arrivals At 15,000 Bales On May 21
more
Top 5 News
Tamil Nadu Sugar Mill Prices 22 May 2019.
Urad Trades Firm At Chennai In Ready/Forward Deals
NAFED Procures 11707.27 MT Urad In Rabi-2019 Season So ...
NAFED Procures 12964.58 MT Moong In Rabi-2019 Season So...
Cotton Prices Up in North Amid Buying Pressure
Top 5 Special Reports
Technical: Wheat Spot Delhi- Correction Likely To End...
Technical: Sugar M Grade Delhi- Trend Line Breakout Is...
WEEKLY: Selling Pressure In Cardamom May Appear At Exis...
WEEKLY: Uptrend May Continue In Coriander Prices
WEEKLY: Jeera Prices Likely To Remain Firm On Export De...
Copyright © CC Commodity Info Services LLP. All rights reserved.