Login ID:
Partner Login
Contact Us : 7066511911

Cotton Trades Higher In Central, South On Restricted Supply

25 May 2019 3:24 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
MUMBAI (Commoditiescontrol) – Cotton traded higher at major markets in Central, South India, moving in tandem with an uptrend in ICE and MCX.

The demand for quality cotton by the local spinning mills mainly supported the increase in prices. However, the sellers were uninterested to participate because they might incur losses by selling cotton with lower moisture content.

Globally, the July contract on ICE edged higher by 1.4% at 68.39 cents/pound while the December contract was up by 1.1% at 67.55 cents/pound.

On MCX, cotton for the delivery in Jun’19 was up by Rs. 250, ending on a positive note at Rs. 21, 590/Bale of 170 Kg each. The open interest was higher on Friday at 12,775 lots compared to previous open interest at 12,250 lots on the accumulation of long positions by traders.

(By Commoditiescontrol)

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

   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
25% Of Soybean Crop Hit By Rains, Flood In Madhya Prade...
BMD Palm Falls For Third Day On Subdued US Soyoil, Stro...
Malaysia's Sept 1-20 Palm Oil Exports Down 3.90% MoM: S...
Soy Complex – Soybeans (CBT) – Emerging Buying Interest...
Soy Meal (CBT) – Bearish Primary Trend / Prices Backing...
Top 5 News
Govt Notifies TDS Exemption For Cash Payments Above Rs ...
Haryana CM Directs For Crop Assessment As Deficient Rai...
25% Of Soybean Crop Hit By Rains, Flood In Madhya Prade...
Punjab Sugar Mill Prices – 21 September 2019
Madhya Pradesh Sugar Mill Prices – 21 September 2019
Top 5 Special Reports
Weekly: Urad, Tur Decline Most In Pulses Complex
Canada's Pea Production May Rise 30% To 4.7 Million Ton...
USD/INR – A Pullback is Underway / Next Key Support Zon...
USD/INR – May Decline Further Towards Key Support Zone ...
USD/INR – Requires a Breakout Above 72.00 To Confirm Up...
Copyright © CC Commodity Info Services LLP. All rights reserved.