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Cotton Prices Steady In Maharashtra amid Trickling Arrivals, Frail Demand

29 Sep 2020 3:27 pm
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Mumbai (commodities control) - Cotton prices in Maharashtra continue to trade steady for second consecutive session this week amid weak mill demand and increased arrivals on Tuesday.

Arrivals are expected to commence from October and speed up during November. This explains dull buys from yarn mills now. The state registered arrivals of 3,000 bales on Tuesday similar to that in the previous session. Meanwhile kapas was quoted at Rs 4500-4900. Cottonseed was priced steady at Rs 2300-2550/quintal and cotton seed cake was quoted at Rs 2050-2300/quintal. Nagpur-Yavatmal Line 30+mm cotton was quoted at Rs 37,500 and 29+MM was priced at Rs 37,000/candy. Meanwhile Jalgaon line 29+mm was quoted at Rs 36,700/candy. Akola-Marathwada line 29mm cotton was priced at Rs 36,500 and 28.5+MM cotton were quoted at Rs 35,700/candy. 28 mm cotton was priced steady at Rs 35,500 per candy.

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