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Kapas Arrival Gains Momentum In MP, Lower Moisture Supports Prices

21 Oct 2020 8:18 pm
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INDORE (Commodities control) Amidst improved weather condition, arrival of new cotton (Kapas) in mandis across Madhya Pradesh has gained momentum. Compared to previous month, cotton prices are edging comparatively higher amidst declining moisture content, said Ramvir Singh Kirar, secretary, Khargone cotton mandi.


The Cotton Corporation of India has also started procuring new cotton with moisture level not exceeding 10-12 percent from selected mandis in Madhya Pradesh from today on the minimum support price, said Mansharam Jaamre, Secretary, Bhikangaon cotton mandi.



Amidst arrival of 423 vehicles and 95 bullockcarts, cotton in Khargone mandi today was quoted at Rs 3700-Rs 5725 a quintal, while model cotton rate was quoted at Rs 4850 a quintal. Kukshi mandi recorded an arrival of 162 quintals of cotton with prices ranging between Rs 3880-Rs 5530 a quintal, while model cotton rate was Rs 5501 a quintal. Karhi mandi recorded an arrival of 144 quintal with prices ranging between Rs 2630-Rs 5160 a quintal, while model cotton rate was Rs 4810 a quintal. Dhamnod mandi recorded an arrival of 112 vehicles and 34 bullockcarts with prices ranging between Rs 3200-Rs 5250 a quintal. In Bhikangaon, new cotton ruled at Rs 3800-Rs 5725, while in Kasrawad mandi, it was quoted at Rs 3995-Rs 4575 a quintal. Barwah cotton mandi today recorded an arrival of 3100 quintals with prices ranging between Rs 3200-Rs 5200 a quintal.


(By Commoditiescontrol Bureau: +91-22-40015505)


       
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