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Cotton Prices Steady in Karnataka amid Zero Arrivals Due to Heavy Rains

26 Sep 2020 5:04 pm
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Mumbai (Commodities Control) - Cotton arrivals are affected in Karnataka amid heavy rains in last 24 hours. However mill demand has been steady due to which prices are supported at the bottom.

Traders anticipate higher arrivals next month onwards, which will elevate yarn mills demand as well. This will aid cotton price rise, as well. However, at the moment mills are purchasing only as per their requirement. State mandis did not register daily arrivals today. 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. In Bellary, 30mm 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 2200-2650 per quintal. Nationwide cotton arrivals were reported at 14,100 bales on Saturday, with North India registering arrivals at 2200 bales and 2000 bales were witnessed in Upper Rajasthan. Gujarat reported arrivals of 4,000 bales of cotton today and 2,500 bales were registered in Maharashtra, while M.P. witnessed arrivals of 1,500 bales and Andhra Pradesh-Telangana together registered arrivals of 1900 bales of cotton. Karnataka witnessed arrivals of 0 bales of cotton today. (Commodities Control Bureau)

       
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