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Cotton Prices Drop Rs 100 In Maharashtra

23 May 2020 6:21 pm
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Mumbai (Commodities Control) – Cotton prices dropped Rs 100/Candy in Deswari mandis of Maharashtra.

State mandis reported arrivals of 27,000 bales today, while kapas was quoted at Rs 5150-5350 and cottonseed was priced at Rs 2600-2800/Quintal. Cottonseed cake traded in the range of Rs 2200-2500/Quintal today.

30+mm Nagpur-Yavatmal line cotton was quoted at Rs 33,300-33,500 and 29+mm was priced at Rs 32,300-32,600/Candy, while Jalgaon line was priced at 33,300-33,500/candy.

Akola-Marathwada line 29mm cotton was quoted at Rs 31,800-32,000 and 28.5 mm was priced at Rs 31,200-31,400/candy. 28mm cotton traded at Rs 30,600-30,800/ candy in today’s trade.

According to the traders, nearly 70-80% of ginning mills are operational in Maharashtra now. However, labor shortage continues to be a big challenge for the mills.

(Commodities Control Bureau)

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