Login ID:
Password:
Partner Login
Contact Us : 7066511911

Cotton Prices Steady Amid Heavy Downpour in Gujarat

7 Jul 2020 4:48 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (commodities control) - Gujarat cotton trade was affected by heavy downpour in Saurashtra.

State registered arrivals of 10,000 bales. Kapas was quoted at Rs 4200-4900. Cottonseed was quoted at Rs 2300-2400/quintal. While cottonseed oilcake traded at Rs 2050-2200/quintal. 29 mm Sankar-6 cotton was quoted at Rs 33,000-33,300 and 28.5+mm cotton was priced at Rs 32,500-33,000 per candy. While 28mm cotton traded in the range of Rs 31,800-32,000/candy. Traders attribute this dullness to heavy rains in Saurashtra along with Kutch and major parts of Gujarat.Heavy rains and water logging is disrupting loading activities in the mandis. Most of the mills in the area are shut. According to IMD, 767% over normal rains has been reported in Kutch and Saurashtra. CCI is auctioning 28.5 mm cotton in Rajkot at Rs 35,700 and 26-28.5 mm cotton in Ahmedabad at Rs 34,700-35,700 per candy. This is inclusive of Rs 300-1500 discount given by CCI.

       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Cotton Prices Steady in South India
M.P Cotton Continues to Rally for Third Consecutive Ses...
Cotton Prices Steady In Maharashtra
Gujarat Cotton Prices Move Northward amid Slipping Acre...
Cotton Demand Eases at Higher Price Levels in Lower Raj...
more
Top 5 News
India Spices Export Offer Price - 05 AUGUST 2020
Moong Trades Flat In Major Markets
Maharashtra Sugar Mill Prices – 05 AUGUST 2020
Haryana Mill Prices – 05 AUGUST 2020
Chana Traded Mixed in Selective Spot Markets
Top 5 Special Reports
USD/INR (Aug ‘20) – Testing Resistance Near 75.50 (the ...
USD/INR (Aug ‘20) – Testing Resistance Near 75.50 (the ...
Weekly: Masoor Prices Firm This Week, Tur Weakens amid...
Weekly: ICE Cotton Races Ahead amid U.S. Crop Damage C...
USD / MYR
Copyright © CC Commodity Info Services LLP. All rights reserved.