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M.P Cotton Trades Steady amid Increased Arrivals

29 Sep 2020 2:13 pm
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MUMBAI (commodities control) - Cotton prices continue to move in a range and hold steady in Madhya Pradesh as yarn mill demand is limited, along with rising arrivals.

State mandis' cotton arrivals were registered 2200 bales on Tuesday vs 1600 bales on Monday. Kapas prices continue to trade in the range of Rs 3000-4200. Cottonseed was priced at Rs 2100-2400 and Cottonseed oilcake was priced at Rs 2180-2325 per quintal. RD variety of cotton prices was quoted steady at Rs 32,500-36,000 per candy. As per the latest GoI updatea, nearly 130.37 lakh ha area was covered under cotton as compared to last year at 127.67 lakh ha. Thus 2.70 lakh ha more area has been covered compared to last year. M.P cotton acreage has upped by 35,000 hectares, thus far.

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