Login ID:
Partner Login
Contact Us : 7066511911

Cotton Gains In Lower Rajasthan On Increased Demand

16 Nov 2019 3:21 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

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.

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

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
Malaysia Rubber Physical Prices (Sen/Kg) 06 December ...
Thailand Rubber F.O.B. Offer Prices 06 December 2019 ...
Icex Rubber Closing Price 05 December 2019
Kottayam/Kochi Rubber Rates - 05 December 2019
Thailand Rubber F.O.B. Offer Prices 05 December 2019 ...
Top 5 News
Domestic/Imported Variety Urad Declines At Major market...
Chana/Chana Dal Remains Weak At Major Spot Markets
New Moong Slips At Selective Markets Of Karnataka/Rajas...
Tur Continues To Trade Weak At Major Markets
Turmeric Close At Upper circuit , Spot Steady To Firm...
Top 5 Special Reports
USD/INR (Dec. 19) Retesting Major Support Near 71.00...
USDA Revises Down 2019-20 Global Cotton Production Esti...
USD/INR (Dec. 19) May Decline Towards Support at 71....
Copyright © CC Commodity Info Services LLP. All rights reserved.