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Gujarat Cotton Steady To Firm On Some Buying Interest From South

10 Jul 2020 6:31 pm
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Mumbai (commodities control) - Gujarat cotton prices were strong-to-steady as good demand was reported from South Indian markets.

State registered arrivals of 9,000 bales. Kapas was quoted at Rs 4200-4800. Cottonseed was quoted at Rs 2400-2500/quintal. While cottonseed oilcake traded at Rs 2000-2200/quintal.

29 mm Sankar-6 cotton was quoted at Rs 33,300-33,500 and 28.5+mm cotton was priced at Rs 32,500-32,700 per candy. While 28mm cotton traded in the range of Rs 31,800-32,000/candy.

As per market participants, 29 mm cotton was quoted up by Rs200/candy due to firm demand from south Indian markets. While prices for other staple length were steady.

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. There is a quantity discount of Rs 300-1500 offered by CCI.

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