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Heavy Rains Disrupt Trade in Cotton Mandis of Maharashtra

7 Jul 2020 3:33 pm
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Mumbai (commodities control) - Cotton trade has slowed due heavy rains registered across mandis in Maharashtra.

State arrivals were registered at 12,000 bales. Kapas was quoted at Rs 4300-4650 and cottonseed was priced at Rs 2200-2450/quintal and cotton seed cake was quoted at Rs 2000-2100/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 32,200/candy. Akola-Marathwada line 29mm cotton was priced at Rs 32,800-33,000 and 28MM cotton were quoted at Rs 31,800/candy. Traders reveal continued demand at lower levels. However recent rains have affected trade in mandis across the state. Markets are affected amid lack of buyers and sellers. According to IMD, Vidarbha is expected to receive 2.5 times higher than normal rains in next 24 hours. Madhya Maharashtra and Marathwada registered record rainfall.

       
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