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Cotton Prices Steady In M.P

28 May 2020 3:15 pm
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Mumbai (Commodities Control) Cotton prices managed to trade stable in a quiet trading session for third consecutive day. State mandis reported arrivals of 3800 bales of cotton, while Kapas was quoted at Rs 4600-5200 and cottonseed was priced at Rs 2300-2600/Quintal. Cottonseed oilcake was priced at Rs 2290/Quintal.

29mm cotton in Madhya Pradesh was quoted at Rs 32,500-33,000 and 28-29.5mm was priced at Rs 29,000-29,500/candy. While 25-26 mm cotton traded in the range of Rs 23,500-24,000/candy.

Traders have reported negligible demand from state mills. In fact these mills are unable to operate past 30-40% of their full capacities amid labour shortage.

(Commodities Control Bureau)

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