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Maharashtra Cotton Prices Drop Amid Rising Arrivals, Dull Demand

29 May 2020 3:21 pm
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Mumbai (commodities control) - Maharashtra cotton prices slips Rs 100 amid muted trading session.

The state reported arrivals of 30,000 bales, as kapas was quoted at Rs 5150-5400, cottonseed was priced at Rs 2600-2750 and cottonseed oil cake traded at Rs 2200-2500/quintal.

30+mm cotton in Nagpur and Yavatmal was quoted at Rs 33,500-33,800 and 29+mm Rs 32,500-32,800.

While in Jalgaon 29+mm was priced at Rs 33,600-33,700/candy. 29mm cotton Akola and Marathwada line was priced at Rs 32,000-32,300.

According to traders, weakness in global cotton prices has affected mills’ demand in Maharashtra as well.

(Commodities Control Bureau)

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