Login ID:
Password:
Partner Login
Contact Us : 7066511911

Gujarat Cotton Prices Move Northward amid Slipping Acreage

5 Aug 2020 3:03 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (commodities control) - Gujarat cotton Prices jumped Rs 200 per candy amid falling cotton acreage in the state.

Cotton arrivals of 5000 bales were registered in the state mandis. Kapas was quoted at Rs 4000-4500. Cottonseed was quoted at Rs 2200-2350/quintal, While cottonseed oilcake traded at Rs 2100-2200/quintal.

29 mm Sankar-6 cotton was quoted at Rs 34,400-34,500 and 28.5+mm cotton was priced at Rs 33,200-33,400 per candy. While 28 mm was priced at Rs 32,200-32,600 per candy.

Traders reveal that Cotton acreage has slipped 9% in Gujarat amid weak rains and lower markets rates received by farmers for their produce. According to Gujarat Agriculture Department, cotton acreage has touched 22.48 Lk Ha as compared with 24.69 Lk Ha for the corresponding period last year. On an average, the acreage has been completed in 84.07% of the area. The average cotton acreage for the state is around 26.73 Lk Ha.

Cotton Corporation of India is auctioning its cotton under new discount scheme. According to the scheme 28.5 mm cotton in Rajkot was quoted at Rs 35,900 per candy and 26-28.5 mm was priced at Rs 34,900-35,900 per candy in Ahmedabad. The scheme is inclusive of Rs 300-1500 per candy of quantative discounts.

(Commodities Control Bureau)


       
  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 Karnataka amid Zero Arrivals Du...
Cotton Prices Steady in Andhra Pradesh, Telangana as Ar...
M.P. Cotton Prices Improve amid Reduced Arrivals
Cotton Prices Unchanged in Maharashtra amid Weak Mill B...
Cotton Prices Steady in Gujarat amid Weakened Mill Dema...
more
Top 5 News
Mustard Seed Gains Further In Jaipur, Sold In Smaller M...
Heavy Rain Can Cause Discolour To Guar Seed, New Arriva...
Sugar Markets Looks For Decision On MSP Hike, Prices Re...
Cotton Prices Steady in Karnataka amid Zero Arrivals Du...
Cotton Prices Steady in Andhra Pradesh, Telangana as Ar...
Top 5 Special Reports
India’s kharif sowing rose 50 lakh ha. But climate cruc...
USD/INR (Sep ‘20) – Needs a Breakout Above Resistance a...
Yellow Mozaic Damages Moong in Rajasthan; Prices Head N...
USD/INR (Sep ‘20) – Needs a Breakout Above Resistance a...
USD/INR (Sep ‘20) – Needs a Breakout Above Resistance a...
Copyright © CC Commodity Info Services LLP. All rights reserved.