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Cotton Prices Firm In Lower Rajasthan

14 Nov 2019 2:21 pm
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MUMBAI (Commoditiescontrol) - Cotton prices rose by Rs 50 per candy at major markets in lower Rajasthan on Thursday amid an uptrend in other north Indian markets.

Arrivals today stood at 8,000 bales, down 2,500 bales from 10,500 bales on Wednesday.

The price of 28-29.5MM cotton in Marwar offered higher at Rs 36,850-38,250/candy. 27-28MM in Mewar also ruled at Rs 36,850-38,250/candy. While the price of 29-29.5MM in Alwar was unchanged at Rs 37,950-38,450/maund.

Kapas here traded at Rs 5,050-5,500 per quintal, while cotton seed quoted at Rs 2,750-2,850/quintal.

According to traders, the market sentiment has changed after an increase in purchases from the CCI and mills as the quality of cotton coming into the market has improved.

MARKET/VARIETY UNIT 14-Nov 13-Nov AVERAGE %Change US cent/lb
14-Nov 13-Nov ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29.5 mm (MIC 3.8-4.00) Rs/Candy 36850-38250 36800-38200 37550 37500 50 0.1 65.2-67.66
Lower Rajasthan-Mewad Line 27-28mm (MIC 3.00-3.8) Rs/Candy 36850-38250 36800-38200 37550 37500 50 0.1 65.2-67.66
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 37950-38450 37900-38500 38200 38200 0 0.0 67.14-68.01
Note: USD/INR= Rs 72.11
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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