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Cotton Prices Down Rs 100/Candy In Lower Rajasthan

10 Dec 2019 3:14 pm
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MUMBAI (Commoditiescontrol) - Cotton prices moved lower by Rs 100 per candy after gaining for the two consecutive days at major markets in lower Rajasthan on Tuesday, following a downtrend in other north Indian and global markets.

Arrivals today stood at 6,000 bales, down 1,000 bales from Monday.

According to traders, arrivals are low, but mills are not purchasing at higher prices. However, purchases from Cotton Corporation of India helped market limit the downside.

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 2,600-2,700/quintal.


SPOT COTTON PRICE IN LOWER RAJASTHAN
MARKET/VARIETY UNIT 10-Dec 9-Dec AVERAGE %Change US cent/lb
10-Dec 9-Dec ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29.5 mm (MIC 3.8-4.00) Rs/Candy 37100-38800 37100-38800 37950 38050 -100 -0.3 66.75-69.79
Lower Rajasthan-Mewad Line 27-28mm (MIC 3.00-3.8) Rs/Candy 37100-38800 37100-38800 37950 38050 -100 -0.3 66.75-69.79
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 38100-38800 38100-38800 38450 38550 -100 -0.3 68.55-69.79
Note: USD/INR= Rs 70.91
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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