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North India: Cotton Prices Steady, Cocud Firm

6 Jul 2020 2:00 pm
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Mumbai (commodities control) - Cotton prices were steady amid weak demand at higher prices levels and Declining arrivals in North Indian mandis.

Punjab, Haryana and Upper Rajasthan registered arrivals at 200 bales of cotton. Kapas prices in the region were quoted at Rs 4700-4850. Cottonseed was priced at Rs 2750-2800. Cottonseed oil cake prices were priced at 2400-2450/quintal, up Rs 50-100. 28+mm cotton in Punjab was quoted at Rs 3540-3570, while in Haryana 28mm was priced at Rs 3540-3550/maund. In Upper Rajasthan, the fibre was quoted at Rs 3460-3550/maund. 28+ mm in Ravatsar was quoted at Rs 3500 and in Hanumangarh mandi was priced at Rs 3550. 28mm in Vijay Nagar was priced at Rs 3510 and in Shri Ganga Nagar the variety traded at Rs 3480, while 27.5-28 mm in Peelibanga was quoted at Rs 3500 and 27.5 mm in Anupgarh was priced at Rs 3470/maund. Traders reveal that demand is weak at higher levels and sellers are unwilling to lower prices at the moment, keeping cotton prices steady. Meanwhile cottonseed oil cake prices have risen amid scarcity of good quality supplies.

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