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Cotton Trades Steady In Central And South India

11 Dec 2019 1:06 pm
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MUMBAI (Commoditiescontrol) - Cotton prices remained unchanged at major markets in Maharashtra, Gujarat and Karnataka on Wednesday.

According to traders there is limited demand at current price levels as current price level mills are hardly able to break even but to keep operation going they are doing need-based buying. Further, they are not able to get good quality of cotton as farmer prefers to sell good quality of cotton to CCI at MSP which is higher than the current market price.

Cotton is also ruling weak in domestic futures with December contract on MCX last traded down Rs 10/bale at Rs 19,060/bale.

Arrival was slightly down in central India at 1,12,000 bales against 1,20,000 Arrivals today stood at 50,000 bales in Gujarat, 62,000 bales in Maharashtra, 10,500 bales in Madhya Pradesh, 38,000 bales in Andhra Pradesh & Telangana and 14,000 bales in Karnataka.


SPOT COTTON PRICE IN CENTRAL/SOUTH INDIA
MARKET/VARIETY UNIT 11-Dec 10-Dec AVERAGE %Change US cent/lb
11-Dec 10-Dec ABS CHANGE*
Gujarat S-6 A Grade (29mm) (3.8-4.00 MIC) Rs/Candy 37200-39000 37200-39000 38,100 38,100 0 0 66.93-70.15
Gujarat V797 B Grade Rs/Candy 31000-32000 31000-32000 31,500 31,500 0 0 55.77-57.56
MH 30mm Nagpur Line (3.8-4.2 MIC) Rs/Candy 40300-40300 40300-40300 40,300 40,300 0 0 72.51-72.49
MH 29mm+ (3.8-4.00 MIC) Nagpur Line Rs/Candy 39800-39800 39800-39800 39,800 39,800 0 0 71.61-71.59
MH 29mm+ Jalgaon Line (3.6-3.7 MIC) Rs/Candy 39700-39700 39700-39700 39,700 39,700 0 0 71.43-71.41
MH 29mm Akola/Marathwada Line (3.5-3.7 MIC) Rs/Candy 39500-39600 39500-39600 39,550 39,550 0 0 71.07-71.23
MP-MECH 29mm+ (3.7-3.8 MIC) Rs/Candy 39000-39600 39400-39800 39,300 39,600 -300 -0.76 70.17-71.23
AP - Guntur A Grade (30-31mm) (MIC 4.2 -4.6) Rs/Candy 36000-38000 36000-38000 37,000 37,000 0 0 64.77-68.35
Karnataka 29mm (MIC 3.8-4.0) Rs/Candy 39800-39800 39800-39800 39,800 39,800 0 0 71.61-71.59
Karnataka DCH Rs/Candy 52000-55000 52000-55000 53,500 53,500 0 0 93.56-98.93
Note: USD/INR= Rs 70.91
Note: 1 candy = 355.62 kg | 1 maund = 37.3kg |MH - Maharashtra; MP - Madhya Pradesh; AP - Andhra Pradesh
*Average Change is the difference between average price of current date vs previous date

(By Commoditiescontrol Bureau: +91-22-40015502)


       
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