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Cotton Gains In Lower Rajasthan On Increased Demand

16 Nov 2019 3:21 pm
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MUMBAI (Commoditiescontrol) - Cotton prices moved up by Rs 150 per candy at major markets in lower Rajasthan on Saturday due to increase in demand.

Arrivals today stood at 8,500 bales, unchanged from Friday.

The price of 28-29.5MM cotton in Marwar offered at Rs 37,000-38,300/candy. 27-28MM in Mewar also ruled at Rs 37,000-38,300/candy. While the price of 29-29.5MM in Alwar was at Rs 37,800-38,300/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, sentiment has improved due to the rise in global market and increasing demand.

In fact, cotton was able to make an edge in the global market yesterday due to reports of increased exports from the US to China.

SPOT COTTON PRICE IN LOWER RAJASTHAN
MARKET/VARIETY UNIT 16-Nov 15-Nov AVERAGE %Change US cent/lb
16-Nov 15-Nov ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29.5 mm (MIC 3.8-4.00) Rs/Candy 37000-38300 36800-38200 37650 37500 150 0.4 65.73-68.02
Lower Rajasthan-Mewad Line 27-28mm (MIC 3.00-3.8) Rs/Candy 37000-38300 36800-38200 37650 37500 150 0.4 65.73-68.02
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 37800-38300 37800-38300 38050 38050 0 0.0 67.15-68.02
Note: USD/INR= Rs 71.82
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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