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Cotton Prices Firm In Lower Rajasthan On Good Demand

18 Nov 2019 3:53 pm
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MUMBAI (Commoditiescontrol) - Cotton prices moved up by Rs 100 per candy at major markets in lower Rajasthan on Monday due to an increase in demand.

Arrivals today stood at 8,000 bales, mostly unchanged from Saturday.

The price of 28-29.5MM cotton in Marwar offered at Rs 37,100-38,400/candy. 27-28MM in Mewar also ruled at Rs 37,100-38,400/candy. While the price of 29-29.5MM in Alwar was at Rs 37,900-38,400/maund.

Kapas here traded at Rs 4,800-5,500 per quintal, while cotton seed quoted at Rs 2,700-2,800/quintal.

According to traders, demand from mills has increased due to clear weather conditions. Buyers from other states are also active in the market.

Besides, procurement from the Cotton Corporation of India (CCI) also supported prices.

Meanwhile, cotton November futures on MCX were trading down by about 0.1% at Rs 19,270/bale.


SPOT COTTON PRICE IN LOWER RAJASTHAN
MARKET/VARIETY UNIT 18-Nov 16-Nov AVERAGE %Change US cent/lb
18-Nov 16-Nov ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29.5 mm (MIC 3.8-4.00) Rs/Candy 37100-38400 37000-38300 37750 37650 100 0.3 66.07-68.37
Lower Rajasthan-Mewad Line 27-28mm (MIC 3.00-3.8) Rs/Candy 37100-38400 37000-38300 37750 37650 100 0.3 66.07-68.37
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 37900-38400 37800-38300 38150 38050 100 0.3 67.49-68.37
Note: USD/INR= Rs 71.64
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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