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Maharashtra Cotton Trades Steady amid Restricted Arrivals, Weak Mill Buying

30 Sep 2020 2:35 pm
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Mumbai (commodities control) - Cotton prices in Maharashtra continue to trade steady for third consecutive session this week as rise in arrivals halts.

However yarn mills' demand continues to be weak on Wednesday. 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 Wednesday 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. MCX October Cotton trades 0.28% higher at Rs 18,150 at 2.29 pm, tracking firm ICE cotton December Futures.

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