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Cotton Prices Steady Amid Weak Mill Buying In Lower Rajasthan

7 Jul 2020 3:24 pm
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Mumbai (commodities control) - Cotton prices were reported steady in Lower Rajasthan amid weak mill demand.

Meanwhile Lower Rajasthan reported arrivals of 400 bales. Kapas was quoted at Rs 4700-4800/ quintal. Trade was affected in the region due to heavy monsoon showers Marwad line 28-29.5 mm cotton was quoted at Rs 32,400-33,300 and Mewad line 27-28 mm variety was priced at Rs 31,500-32,500/candy. While Alwar Line 29-29.5 mm cotton was quoted at Rs 33,500-33,600/candy. 29.5MM cotton in Pilani was quoted at Rs 3540-3550/maund. Traders reveal that millers' demand has slipped, as they are operating with reduced capacities. Most of the mills in the region are sitting on plenty of cotton stocks which explains low buying interest. CCI in Bhilwada is selling 27-28 mm cotton at Rs 35,200-35,600 per candy levels.

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