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Cotton Prices Steady In Maharashtra amid Weak Demand, Dull Futures

18 Sep 2020 2:20 pm
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Mumbai (commodities control) - Cotton prices in Maharashtra continue to trade steady for second trading session in a row, amid weak demand from yarn mills. According to IMD, rainfall is seen in major producing regions in Maharashtra which is likely to delay arrivals.

There's barely any support from global and/or domestic futures that have been dull and rangebound for last two sessions. MCX cotton October futures was trading Rs 30 lower, at1.55 pm on Friday, at Rs 17,950, after having risen by nearly Rs 600, between 9th and16th September, to Rs 18,030 per quintal.

The state registered arrivals of 2,000 bales similar to that in the last session.

Meanwhile kapas was quoted at Rs 4500-4800. Cottonseed was priced steady at Rs 2300-2500/quintal and cotton seed cake was quoted at Rs 2020-2300/quintal.

Nagpur-Yavatmal Line 30+mm cotton was quoted at Rs 37,200 and 29+MM was priced at Rs 36,700/candy. Meanwhile Jalgaon line 29+mm was quoted at Rs 36,200/candy.

Akola-Marathwada line 29mm cotton was priced at Rs 36,200 and 28.5+MM cotton were quoted at Rs 35,400/candy. 28 mm cotton was priced steady at Rs 35,200 per candy.

(Commodities Control Bureau)

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