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Cotton Prices Steady In Karnataka amid Reduced Arrivals, Weak Mill Demand

22 Sep 2020 4:20 pm
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Mumbai (Commodities Control) - Cotton arrivals have lowered in Karnataka along with yarn mill demand, due to which cotton prices were quoted steady in Karnataka.

Traders anticipate higher arrivals next month onwards, which will elevate yarn mills demand as well. State mandis registered daily arrivals of 1500 bales on Monday. 30 mm cotton in Karnataka was quoted at Rs 37,700-37,900 per Candy, while 29 mm cotton was priced at Rs 37,200-37,400 per Candy. DCH quality was quoted at Rs 54,500-56,000 per candy. 29.5mm variety in Bellary was quoted at Rs 35,000-35,500, 30+mm was priced at Rs 36,800-900 per candy. Bijapur 29-30mm cotton was quoted at Rs 36,500-37,000 per candy. Kapas was priced at Rs 4,000-5275 and cottonseed was quoted at Rs 2200-2600 per quintal. Nationwide cotton arrivals were reported at 14,750 bales on Tuesday, with North India registering arrivals at 1,550 bales and 1500 bales were witnessed in Upper Rajasthan. Gujarat reported arrivals of 3500 bales of cotton today and 2500 bales were registered in Maharashtra, while M.P. witnessed arrivals of 2500 bales and Andhra Pradesh-Telangana together registered arrivals of 1700 bales of cotton. Karnataka witnessed arrivals of 1500 bales of cotton today. (Commodities Control Bureau)

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