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Cotton Prices Down In Gujarat; Stable In MP, Maharashtra

20 Sep 2019 4:17 pm
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MUMBAI (Commoditiescontrol) - Cotton prices fell by Rs 100 per candy at major mandis of of Gujarat on Friday due to lacklustre demand.

There were about 200 bales of arrivals in the state today.

The 29MM cotton here traded at Rs 41,600-41,800/candy. While the price of 28.5MM was at Rs 41,300-41,500/candy. Cottonseed ruled at Rs 3900-4125/quintal.

Maharashtra

Cotton prices remained stable in the mandis of Maharashtra in anticipation of around Rs 250 bonus to cotton farmers.

According to traders, the cotton crop in the state is in very good condition. This time there has not been any disease or insect attack.

Today 150 bales of cotton arrived in Maharashtra. The 30+MM cotton of Yavatmal line in Nagpur was at Rs 43,500 and the price of 29+MM cotton was at Rs 42,500/candy.

Cotton in the state today ruled at Rs 5800-6350/quintal and cottonseed quoted at Rs 3600-4050/quintal.

Madhya Pradesh

Cotton prices also ruled unchanged in Madhya Pradesh amid sluggish trade.

29MM cotton in the state mandis was at Rs 42,500-43,000 and 28-28.5MM priced at Rs 41,400-41,900/candy.

Here DCH 34-35MM cotton quoted at Rs 55,500-58,500/candy. The price of cottonseed was at Rs 3700-4000/quintal.

SPOT COTTON PRICE IN CENTRAL/SOUTH INDIA
MARKET/VARIETY UNIT 20-Sep 19-Sep AVERAGE %Change US cent/lb
20-Sep 19-Sep ABS CHANGE*
Gujarat S-6 A Grade (29mm) (3.8-4.00 MIC) Rs/Candy 41600-41800 41700-41900 41,700 41,800 -100 -0.24 74.72-75.06
Gujarat S-6 B Grade (28.5 mm) (3.5-3.7 MIC) Rs/Candy 41300-41500 41400-41500 41,400 41,450 -50 -0.12 74.18-74.52
Gujarat S-6 C Grade (28 mm) (3.2-3.5 MIC) Rs/Candy 0-0 0-0 - - 0 #DIV/0! 0-0
Gujarat V797 B Grade Rs/Candy 32600-32800 32600-32800 32,700 32,700 0 0 58.55-58.9
MH 30mm Nagpur Line (3.8-4.2 MIC) Rs/Candy 43500-43500 43500-43500 43,500 43,500 0 0 78.13-78.11
MH 29mm+ (3.8-4.00 MIC) Nagpur Line Rs/Candy 42500-42500 42500-42500 42,500 42,500 0 0 76.34-76.32
MH 29mm+ Jalgaon Line (3.6-3.7 MIC) Rs/Candy 42300-42300 42300-42300 42,300 42,300 0 0 75.98-75.96
MH 29mm Akola/Marathwada Line (3.5-3.7 MIC) Rs/Candy 42000-42000 42000-42000 42,000 42,000 0 0 75.44-75.42
MH 28.5mm Akola/Marathwada Line (3.5-3.7 MIC) Rs/Candy 41500-41500 41500-41500 41,500 41,500 0 0 74.54-74.52
MH 28mm Akola/Marathwada Line (MIC 3.6) Rs/Candy 41000-41000 41000-41000 41,000 41,000 0 0 73.64-73.63
MP-MECH 29mm+ (3.7-3.8 MIC) Rs/Candy 42500-43000 42500-42800 42,750 42,650 100 0.23 76.34-77.22
Telangana - Bhainsa 29.5mm (MIC 3.8-4.1) Rs/Candy 43700-43800 43700-43800 43,750 43,750 0 0 78.49-78.65
Telangana - Bhainsa 29mm (MIC 3.5-3.8) Rs/Candy 43200-43500 43200-43500 43,350 43,350 0 0 77.59-78.11
AP - Guntur A Grade (30-31mm) (MIC 4.2 -4.6) Rs/Candy 42800-42800 42800-42800 42,800 42,800 0 0 76.87-76.86
Karnataka 29mm (MIC 3.8-4.0) Rs/Candy 42500-43000 42500-43000 42,750 42,750 0 0 76.34-77.22
Karnataka DCH Rs/Candy 56000-57000 56000-57000 56,500 56,500 0 0 100.58-102.36
Note: USD/INR= Rs 71.03
Note: 1 candy = 355.62 kg | 1 maund = 37.3kg |MH - Maharashtra; MP - Madhya Pradesh; AP - Andhra Pradesh
*Average Change is the difference between average price of current date vs previous date

       
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