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Cotton Down In Maharashtra, MP; Steady In Gujarat, South India

14 Nov 2019 4:04 pm
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MUMBAI (Commoditiescontrol) - Cotton prices moved lower at major markets in Maharashtra and Madhya Pradesh on Thursday amid declining demand and low quality arrivals.

According to traders, purchases from mills are weak as the moisture content in the produce that is arriving in the mandis is very high. Mills are operating themselves from their old stock.

Prices however ruled steady in Gujarat and South India today on demand-supply parity.

Mills are short of stocks in Gujarat, so they are also buying some low quality cotton. However, their demand is as per the need.

Arrivals today stood at 40,000 bales in Gujarat, 17,000 bales in Maharashtra, 7,500 bales in Madhya Pradesh, 18,000 bales in Andhra Pradesh & Telangana and 9,000 bales in Karnataka.

SPOT COTTON PRICE IN CENTRAL/SOUTH INDIA
MARKET/VARIETY UNIT 14-Nov 13-Nov AVERAGE %Change US cent/lb
14-Nov 13-Nov ABS CHANGE*
Gujarat S-6 A Grade (29mm) (3.8-4.00 MIC) Rs/Candy 37500-38800 37500-38800 38,150 38,150 0 0.00 66.35-68.63
Gujarat S-6 B Grade (28.5 mm) (3.5-3.7 MIC) Rs/Candy 0-0 0-0 - - 0 #DIV/0! 0-0
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 31000-32000 31000-32000 31,500 31,500 0 0.00 54.85-56.6
MH 30mm Nagpur Line (3.8-4.2 MIC) Rs/Candy 39300-39300 39500-39500 39,300 39,500 -200 -0.51 69.53-69.52
MH 29mm+ (3.8-4.00 MIC) Nagpur Line Rs/Candy 38800-38800 39000-39000 38,800 39,000 -200 -0.51 68.65-68.63
MH 29mm+ Jalgaon Line (3.6-3.7 MIC) Rs/Candy 38600-38600 38900-38900 38,600 38,900 -300 -0.77 68.29-68.28
MH 29mm Akola/Marathwada Line (3.5-3.7 MIC) Rs/Candy 38300-38500 38700-38900 38,400 38,800 -400 -1.03 67.76-68.1
MH 28.5mm Akola/Marathwada Line (3.5-3.7 MIC) Rs/Candy 0-0 0-0 - - 0 #DIV/0! 0-0
MH 28mm Akola/Marathwada Line (MIC 3.6) Rs/Candy 0-0 0-0 - - 0 #DIV/0! 0-0
MP-MECH 29mm+ (3.7-3.8 MIC) Rs/Candy 38400-38800 38500-39000 38,600 38,750 -150 -0.39 67.94-68.63
Telangana - Bhainsa 29.5mm (MIC 3.8-4.1) Rs/Candy 0-0 0-0 - - 0 #DIV/0! 0-0
Telangana - Bhainsa 29mm (MIC 3.5-3.8) Rs/Candy 37500-38500 - - - -- - -
AP - Guntur A Grade (30-31mm) (MIC 4.2 -4.6) Rs/Candy 37000-38000 37000-38000 37,500 37,500 0 0.00 65.46-67.22
Karnataka 29mm (MIC 3.8-4.0) Rs/Candy 39500-39500 39500-39500 39,500 39,500 0 0.00 69.88-69.87
Karnataka DCH Rs/Candy 52000-54500 52000-54500 53,250 53,250 0 0.00 92-96.4
Note: USD/INR= Rs 72.11
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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