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Cotton Gains In North India

23 Oct 2019 12:01 pm
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MUMBAI (Commoditiescontrol) - Cotton prices gained by Rs 10-20 per maund at major markets in North India on Wednesday.

A total of 28,500 bales of cotton today arrived in North India, including 5,500 bales in Punjab, 11,000 bales in Haryana and 2,100 bales in upper Rajasthan. Arrivals were at 25,500 bales on Tuesday.

The price of 28+MM cotton in Punjab was at Rs 3,825-3,855/maund. While the price of 28MM in Haryana was at Rs 3,840-3,880/maund. In upper Rajasthan 28MM prices were at Rs 3,875 per maund.

Average price of kapas in North India was at Rs 4,900-5,000/quintal. While cotton seed quoted at Rs 2,850-2,900/quintal.


SPOT COTTON PRICES IN MAJOR NORTH INDIAN MARKETS
MARKET/VARIETY UNIT 23-Oct 21-Oct AVERAGE % Change US cent/lb
23-Oct 21-Oct ABS CHANGE*
Punjab J-34 (RG) 27-28.5MM (MIC 4.00-4.7) Rs/maund 3825-3855 3810-3840 3,840 3,825 15 0.4 65.48-65.99
Haryana J-34 (RG) 27-28 (MIC 4+) Rs/maund 3840-3880 3830-3870 3,860 3,850 10 0.3 65.73-66.42
Rajasthan J-34 (RG) 26.5-28mm (MIC 4.00-4.5) Rs/maund 3875-3875 3860-3860 3,875 3,860 15 0.4 66.33-66.33
Note: USD/INR= Rs 71
Note: 1 maund = 37.3kg |*Average Change is the difference between average price of current date vs previous date
SPOT COTTON PRICE IN LOWER RAJASTHAN
MARKET/VARIETY UNIT 23-Oct 21-Oct AVERAGE %Change US cent/lb
23-Oct 21-Oct ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29.5 mm (MIC 3.8-4.00) Rs/Candy 38000-38700 37800-38600 38350 38200 150 0.4 68.28-69.52
Lower Rajasthan-Mewad Line 27-28mm (MIC 3.00-3.8) Rs/Candy 38500-38800 37700-38500 38650 38100 550 1.4 69.18-69.7
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 38800-39800 38500-39500 39300 39000 300 0.8 69.72-71.5
Note: USD/INR= Rs 71
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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