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Cotton Prices Steady in Andhra Pradesh, Telangana amid Weak Mill Demand, Dull Arrivals

28 Sep 2020 3:11 pm
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Mumbai (commodities control) - Cotton prices were steady in Andhra Pradesh and Telangana mandis, although prices have risen by Rs 100 per candy in Warangal mandi.

Traders note that arrivals of new cotton crop will accelerate next month onwards, which is why millers are reluctant to purchase now and are buying as per their immediate requirement only. Together, Telangana and Andhra Pradesh reported uncahnged arrivals of 1,900 bales on Monday. 30-31 mm in Guntur mandi was quoted at Rs 36,500-37,500 and 29mm was priced at Rs 35,500-36,000 per candy. Meanwhile prices in Adoni mandi of Telangana were quoted at Rs 36,400-36,500 per candy. 29 mm cotton in Bhainsa mandi of Telangana was quoted at Rs 35,500-35,700 and 29.5+mm cotton was priced steady at Rs 36,000-36,500 per candy. Meanwhile 29mm cotton in Warangal was quoted steady at Rs 36,400-36,900 and 29.5 mm was priced at Rs 36,800-37,700 per candy. (Commodities Control Bureau)

       
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