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Cotton Down In North On Sluggish Demand, Increased Arrivals

19 Nov 2019 12:32 pm
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MUMBAI (Commoditiescontrol) - Cotton prices fell by Rs 20-30 per maund at major markets in North India on Tuesday due to a decrease in demand and higher arrivals.

A total of 26,000 bales of cotton today arrived in North India, including 6,000 bales in Punjab and 10,000 bales each in Haryana and upper Rajasthan. Arrivals were at 24,000 bales on Monday.

The price of 28+MM cotton in Punjab and 28MM cotton in Haryana quoted at Rs 3,840-3,880/maund and Rs 3,840-3,860 per maund, respectively. While in upper Rajasthan 28MM cotton prices were at Rs 3,870 per maund.

Average price of kapas in North India was at Rs 4,900-5,000/quintal. While cotton seed quoted at Rs 2,625-2,700/quintal.

According to traders, there is demand from mills, but they are buying in limited quantities. At the same time, there is pressure on prices due to increasing arrivals.

SPOT COTTON PRICES IN MAJOR NORTH INDIAN MARKETS
MARKET/VARIETY UNIT 19-Nov 18-Nov AVERAGE % Change US cent/lb
19-Nov 18-Nov ABS CHANGE*
Punjab J-34 (RG) 27-28.5MM (MIC 4.00-4.7) Rs/maund 3840-3880 3870-3900 3,860 3,885 -25 -0.6 64.86-65.53
Haryana J-34 (RG) 27-28 (MIC 4+) Rs/maund 3840-3860 3870-3890 3,850 3,880 -30 -0.8 64.86-65.19
Rajasthan J-34 (RG) 26.5-28mm (MIC 4.00-4.5) Rs/maund 3870-3870 3890-3890 3,870 3,890 -20 -0.5 65.36-65.36
Note: USD/INR= Rs 71.96
Note: 1 maund = 37.3kg |*Average Change is the difference between average price of current date vs previous date

SPOT COTTON PRICE IN LOWER RAJASTHAN
MARKET/VARIETY UNIT 19-Nov 18-Nov AVERAGE %Change US cent/lb
19-Nov 18-Nov ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29.5 mm (MIC 3.8-4.00) Rs/Candy 36800-38100 37100-38400 37450 37750 -300 -0.8 65.24-67.53
Lower Rajasthan-Mewad Line 27-28mm (MIC 3.00-3.8) Rs/Candy 36800-38100 37100-38400 37450 37750 -300 -0.8 65.24-67.53
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 37600-38100 37900-38400 37850 38150 -300 -0.8 66.66-67.53
Note: USD/INR= Rs 71.96
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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