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Maharashtra Cotton Trades Steady

28 May 2020 5:33 pm
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Mumbai (commodities control) - Maharashtra cotton prices traded stable after a positive trading session yesterday. Although some varieties continued to trade strong even today.

The state reported arrivals of 28,000 bales, as kapas was quoted at Rs 5150-5350, cottonseed was priced at Rs 2600-2800 and cottonseed oil cake traded at Rs 2200-2500/quintal.

30+mm cotton in Nagpur and Yavatmal was quoted at Rs 33,600-33,900 and 29+mm Rs 32,600-32,900.

While in Jalgaon 29+mm was priced at Rs 33,700-33,800/candy. 29mm cotton akola and Marathwada line was priced at Rs 32,100-32,200 and 28.5+mm was priced at Rs 31,400-31,800 and 28mm traded at Rs 30,800-31,200/candy.

According to traders, there's a good demand from China and Bangladesh due to weak currency. Thus far, 90 mills in the state are operating with mere 30-40% of their capacities.

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