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Maharashtra Spot Cotton Markets Steady

10 Jul 2020 8:03 pm
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Mumbai (commodities control) - Cotton traded steady in spot markets of Maharashtra after registering gains for two consecutive days.

State arrivals were registered at 11,000 bales as compared to 10,000 bales in the previous day. Kapas was quoted at Rs 4300-4700 unchanged from the previous day and cottonseed was priced at Rs 2250-2500/quintal and cottonseed cake was quoted at Rs 2000-2150/quintal.

Nagpur-Yavatmal Line 30+mm cotton was quoted at Rs 34,300 and 29+MM was priced at Rs 33,800/candy. Meanwhile, Jalgaon line 29+mm was quoted at Rs 33,600/candy.

Akola-Marathwada line 29mm cotton was priced at Rs 33,200-33,400 and 28MM cotton was quoted at Rs 32,200/candy.

As per traders, there is limited buying interest at higher levels. At the same time, sellers are not interested in selling at lower prices due to firm Ice futures and decreasing arrivals.

Meanwhile, CCI is auctioning 28-30 mm cotton in Akola and Aurangabad at Rs 35,100-36,400.CCI is offering quantity discounts of Rs 300-1500 depending upon quantity purchased.

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