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Cotton Prices Steady In Madhya Pradesh

8 Aug 2020 3:17 pm
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MUMBAI (commodities control) - Prices of Madhya Pradesh Cotton were quoted steady over the weekend trade. Cotton prices in the region upped Rs 600 per candy during the week. Cotton prices upped Rs 500-600 per candy during the week.

Cottonseed was priced at Rs 2200-2450/Candy. cottonseed cake traded at Rs 2050-2200/quintal.

29 mm cotton in MP was priced at Rs 34,500-34,700/Candy and 28-28.5 mm cotton was priced at Rs 31,000-32,200. Meanwhile DCH 34-35 mm was quoted at Rs 53,300-54,300/candy.

Traders witnessed dull activity in the mandis thus prices were quoted at previous session's level. Although mills are unwilling to purchase at higher levels. But sellers are unwilling to lower prices due to tight availability of stocks.

Cotton Corporation of India is auctioning its cotton under new discount scheme. According to the scheme 27-30 mm cotton in Indore is quoted at Rs 35,400-37,800 per candy. The scheme is inclusive of Rs 300-1500 per candy of quantative discounts.

(Commodities Control bureau)


       
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