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Arrivals Drop in M.P Due to Dull Demand; Prices Unchanged Throughout the Week

24 Oct 2020 6:38 pm
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Mumbai (Commodities Control) - Madhya Pradesh cotton prices were quoted steady for the fifth consecutive session on Saturday, due to weak buying by private millers. Having said so, even the daily arrivals weakened today. Traders also reveal that although Cotton Corp. has begun its procurement drive in the state mandis, it is weaker as compared with that in Punjab, Haryana and Rajasthan.

According to the traders, weather conditions are largely positive due to which arrivals are expected to rise. On Saturday, market arrivals were reported at 5,000 bales vs 10,000 bales in the last session.

M.P Cotton Quotes (Per Quintal)

Kapas - Rs 4,000-5,400

Cottonseed - Rs 2,100-2,300

Cotton Quotes (Per Candy)

29 mm RD (73/75) Variety - Rs.39,000-40,000

28/28.5 mm RD (61/70) Variety - Rs.32,500-37,000

(Commodities Control Bureau)

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