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Cotton Prices Rise in Maharashtra for Second Consecutive Session

4 Jul 2020 4:16 pm
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Mumbai (commodities control) - Cotton prices were shot up Rs 200-300 per candy amid reduced arrivals, firm global prices and buying by local mills.Cotton prices were reported form for second trading session in a row.

State arrivals were registered at 12,000 bales. Kapas was quoted at Rs 4200-4550 and cottonseed was priced at Rs 2300-2400/quintal and cotton seed cake was quoted at Rs 2000-2200/quintal. Nagpur-Yavatmal Line 30+mm cotton was quoted at Rs 34,000 and 29+MM was priced at Rs 33,500/candy. Meanwhile Jalgaon line 29+mm was quoted at Rs 33,300/candy. Akola-Marathwada line 29mm cotton was priced at Rs 32,500-32,700 and 28MM cotton were quoted at Rs 31,500-31,700/candy. Traders reveal improvement in demand from textiles mills along with reduced arrivals. Exporters have become active underpinning cotton prices. ICE cotton prices have upped more than 2%this week and touched 4 months' high.

       
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