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Cotton Prices Steady in Gujarat amid Dull Trading Session

12 Aug 2020 3:16 pm
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Mumbai (commodities control) - Festivities of Krishna Janmashtami dulled trade in Gujarat cotton mandis due to which Prices were quoted steady.Cotton arrivals of 4000 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 2000-2200/quintal.

29 mm Sankar-6 cotton was quoted at Rs 34,200-34,700 and 28.5+mm cotton was priced at Rs 33,300-33,500 per candy. While 28 mm was priced at Rs 32,300-32,700 per candy.

Traders reveal that mandi operations were near to negligible due to the celebrations of Janmashtami, especially in Saurashtra.

According to CCI's new discount scheme 28.5 mm cotton in Rajkot was quoted at Rs 36,200 per candy and 26-28.5 mm was priced at Rs 35,200-36,200 per candy in Ahmedabad. The scheme is inclusive of Rs 300-1500 per candy of quantitative discounts.

(Commodities Control Bureau)

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