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Cotton Steady In Lower Rajasthan

17 Jan 2020 4:31 pm
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MUMBAI (Commoditiescontrol) - Cotton prices ruled steady at major markets in lower Rajasthan on Friday amid sluggish trade.

Arrivals today stood unchanged at around 4,000 bales.

The price of 28-29 MM cotton in Marwar and Mewar offered steady at Rs 38,000-39,500 and Rs 37,500-39,000/candy, respectively. The price of 29-29.5MM in Alwar also ruled unchanged at Rs 39,000-39,200/maund.

Kapas here traded at Rs 5,000-5,800 per quintal. While cotton seed quoted at Rs 2,600-2,750/quintal. Cotton seed oil cake on the other hand traded at Rs 2,450-2,550 per quintal.

According to traders, the demand is a bit sluggish on higher prices. Furthermore, trade has also been affected by rain in some areas for the last two days. However, sellers are not willing to drop prices in the hope of further rise.

MARKET/VARIETY UNIT 17-Jan 16-Jan AVERAGE %Change US cent/lb
17-Jan 16-Jan ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29 mm (MIC 3.0-3.8) Rs/Candy 38000-39500 38000-39500 38750 38750 0 0.0 68.38-71.06
Lower Rajasthan-Mewad Line 28-29mm (MIC 3.0-3.8) Rs/Candy 37500-39000 37500-39000 38250 38250 0 0.0 67.48-70.16
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 39000-39200 39000-39200 39100 39100 0 0.0 70.18-70.52
Note: USD/INR= Rs 70.9
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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