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Cotton Prices Jump By Rs 300 Per Candy In Lower Rajasthan

7 Dec 2019 3:15 pm
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MUMBAI (Commoditiescontrol) - Cotton prices gained by Rs 300 per candy at major markets in lower Rajasthan on Saturday following an uptrend in global market and on increased demand against lower arrivals.

Arrivals today stood at 6,000 bales, down 500 bales from 6,500 bales on Friday.

According to traders, mills have become active in the market in anticipation of further price rise. At the same time, there is no selling in the market at lower levels.

Domestic market also gained momentum today as cotton prices jumped nearly 2 percent in the global market yesterday due to expectations of agreement between the US and China. Besides, procurement from Cotton Corporation of India is also going on.

The price of 28-29.5MM cotton in Marwar offered at Rs 37,100-38,800/candy. 27-28MM in Mewar also ruled at Rs 37,100-38,800/candy. While the price of 29-29.5MM in Alwar was at Rs 38,100-38,800/maund.

Kapas here traded at Rs 4,800-5,500 per quintal, while cotton seed quoted at Rs 2,500-2,600/quintal.

SPOT COTTON PRICE IN LOWER RAJASTHAN
MARKET/VARIETY UNIT 7-Dec 6-Dec AVERAGE %Change US cent/lb
7-Dec 6-Dec ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29.5 mm (MIC 3.8-4.00) Rs/Candy 37100-38800 36800-38500 37950 37650 300 0.8 66.4-69.43
Lower Rajasthan-Mewad Line 27-28mm (MIC 3.00-3.8) Rs/Candy 37100-38800 36800-38500 37950 37650 300 0.8 66.4-69.43
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 38100-38800 37800-38500 38450 38150 300 0.8 68.19-69.43
Note: USD/INR= Rs 71.28
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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