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Cotton Gains Further In Lower Rajasthan

12 Oct 2019 3:55 pm
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MUMBAI (Commoditiescontrol) - Cotton prices gained further by Rs 100-200 per candy at major markets in lower Rajasthan on Saturday as the Cotton Corporation of India (CCI) has begun procurement in Sriganganagar and Hanumangarh.

Demand from mills also supported prices.

Arrivals today stood at around 5,000 bales unchanged from Friday. Kapas here traded at Rs 4,500-5,700 per quintal, while cotton seed quoted at Rs 3,300-3,400/quintal.

The price of 28-29.5MM cotton in Marwar offered at Rs 37,600-38,100/candy. Similarly, 27-28MM in Mewar rose to Rs 37,600-38,100/candy. While the price of 29-29.5MM in Alwar was at Rs 38,700-39,000 /maund.

SPOT COTTON PRICE IN LOWER RAJASTHAN
MARKET/VARIETY UNIT 12-Oct 11-Oct AVERAGE %Change US cent/lb
12-Oct 11-Oct ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29.5 mm (MIC 3.8-4.00) Rs/Candy 37600-38100 37500-38000 37850 37750 100 0.3 67.59-68.48
Lower Rajasthan-Mewad Line 27-28mm (MIC 3.00-3.8) Rs/Candy 37600-38100 37500-38000 37850 37750 100 0.3 67.59-68.48
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 38700-39000 38500-38800 38850 38650 200 0.5 69.57-70.09
Note: USD/INR= Rs 70.97
Note: 1 candy = 356kg | 1 maund = 37.3kg | 1 Bales= 170 kg
*Average Change is the difference between average price of current date vs previous date


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