Login ID:
Partner Login
Contact Us : 7066511911

Cotton Firm In North Amid Tight Supplies, Weather Woes

20 Aug 2019 1:33 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) – Cotton traded higher in North India spot markets on Tuesday as incessant spell of rainfall may hit the production.

Prices were up by Rs. 10/15 per Maund in Punjab, Haryana and Upper Rajasthan. Similarly, in Lower Rajasthan, the commodity traded higher by Rs. 100/150 per Candy.

As per Sources, the delay in the new crop arrivals and diminishing supplies are pushing the prices up. On the demand side, buyers are willing to actively participate in the market however due to short supplies sellers are unavailable.

Meanwhile, cotton farmers apprehend that more rain in the coming days may spell trouble for their crop. As of now the crop is safe, although the rainy spell in near future might take a toll on the crop, particularly in the low-lying areas.

Globally, the most active December contract on ICE ended down 1.5% at 59.24 cents per lb on Monday.

On MCX, Cotton for delivery in August was unchanged from previous session with trading sideways at Rs. 20,910 per Bale of 170 kg each.

  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
ICE Cotton Ends Up; China Adds More US Commodities On ...
Cotton Prices Up In Maharashtra, South India; Steady In...
Cotton Prices Gain In North India On Positive Global Cu...
Maharashtra (Vidharba) Cotton Spot Rates As On 13 Sep
Cotton No. 2 (COT) – Approaching an Inflection Point: D...
Top 5 News
Malaysia's Sept 1-15 Palm Oil Exports Down 5.5% MoM: IT...
Govt Announces Host Of Steps To Boost Exports; RoDTEP T...
Madhya Pradesh Sugar Mill Prices – 14 September 2019
Uttar Pradesh Sugar Mill Prices - 14 September 2019
Burma Tur/MP Summer Moong Firm In Delhi
Top 5 Special Reports
Weekly ICE cotton: Ends Sharply Up; Hopes Pinned On US...
Weekly ICE Sugar: Ends Mixed On Near-Term Supply Views,...
Weekly: Urad/Masoor Post Strong Gains This Week
USDA Revises Down 2019-20 Global Cotton Production Esti...
USD/INR—Unable to Surpass Overhead Resistance Zone (71-...
Copyright © CC Commodity Info Services LLP. All rights reserved.