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Maharashtra Cotton Trades at Previous Session's Price Level

12 Aug 2020 3:39 pm
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Mumbai (commodities control) - Cotton prices were quoted steady in Maharashtra mandis amid dull Trading Session due to Janmashtami celebrations.

State arrivals, today, were registered at 1000 bales. Kapas was quoted at Rs 4200-4500 and cottonseed was priced at Rs 2250-2450/quintal and cotton seed cake was quoted at Rs 1925-2150/quintal.

Nagpur-Yavatmal Line 30+mm cotton was quoted at Rs 35,200 and 29+MM was priced at Rs 34,700/candy. Meanwhile Jalgaon line 29+mm was quoted at Rs 34,300-34,500/candy.

Akola-Marathwada line 29mm cotton was priced at Rs 34,200 and 28.5+MM cotton were quoted at Rs 32,600-33,000/candy. 28 mm cotton was priced at Rs 31,300 - 600 per candy.

Traders confirm that mandi operations are dull. Until afternoon, barely a trade or two was reported in Jalgaon. Meanwhile trade has been dull in Akola and Nagpur due to Janmashtami.

Cotton Corporation of India is auctioning its cotton under new discount scheme. According to the scheme 28-30 mm cotton in Akola and Aurangabad are quoted at Rs 35,600-37,100 per candy. The scheme is inclusive of Rs 300-1500 per candy of quantative discounts.

(Commodities Control Bureau)

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