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Cotton Trades Flat In North Amid Lack Of Buying Interest

21 Aug 2019 1:08 pm
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MUMBAI(Commoditiescontrol) – Cotton Prices were mostly steady to firm in Northern Spot markets despite overnight weakness in ICE cotton futures.

Prices were unchanged from the previous session in Punjab, Haryana and Rajasthan. However, in Marwad market few trades were reported at slightly up, trading higher by Rs. 50 at Rs. 41,800 – 42500 per Candy.

The activity was negligible in the markets. Buyers have already ordered enough supplies to last them for next few days, until the next harvest comes in.

Globally, the most active December Contract on ICE traded closed below the 60 cent mark,
down by 0.2% at 59.14 cents per lb.

On MCX, Cotton for delivery in August is trading lower by 0.14% at Rs. 21,020 per Bale of 170 kg each.

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