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Cotton Prices Down Rs 100/Candy In Lower Rajasthan

14 Feb 2020 3:51 pm
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MUMBAI (Commoditiescontrol) - Cotton prices moved lower by Rs 100 per candy at major markets in lower Rajasthan on Friday despite lower arrivals.

Arrivals today stood lower at around 3,000 bales than 3,500 bales on Thursday.

The price of 28-29 MM cotton in Marwar and Mewar fell by Rs 100 each at Rs 37,550-39,050 and Rs 37,050-38,550/candy, respectively. The price of 29-29.5MM in Alwar also ruled weak by Rs 100 at Rs 38,550-38,850/maund.

Kapas here traded at Rs 4,300-5,300 per quintal. While cotton seed quoted at Rs 2,100-2,450/quintal. Cotton seed oil cake on the other hand traded at Rs 2,000-2,200 per quintal.

According to traders, demand from mills remained weak today as overnight fall in the global market has weakened the sentiment. On the other hand, market was dominated by the sellers amid fear of further fall in the price. While the export market continued to remain listless due to the outbreak of coronavirus in China.

SPOT COTTON PRICE IN LOWER RAJASTHAN
MARKET/VARIETY UNIT 14-Feb 13-Feb AVERAGE %Change US cent/lb
14-Feb 13-Feb ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29 mm (MIC 3.0-3.8) Rs/Candy 37550-39050 37650-39150 38300 38400 -100 -0.3 67.18-69.85
Lower Rajasthan-Mewad Line 28-29mm (MIC 3.0-3.8) Rs/Candy 37050-38550 37150-38650 37800 37900 -100 -0.3 66.29-68.95
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 38550-38850 38650-38950 38700 38800 -100 -0.3 68.97-69.49
Note: USD/INR= Rs 71.31
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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