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M.P Cotton Continues Steady For Second Straight Session

28 Oct 2020 2:26 pm
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Mumbai (Commodities Control) - Madhya Pradesh cotton prices were quoted steady for the second straight session, on Wednesday, amid restricted mill buying and rising cotton arrivals. Meanwhile, the fibre declined Rs 200 per candy on Monday, after being quoted steady for five consecutive sessions last week.

Traders also reveal that although Cotton Corp. has begun its procurement drive in the state mandis, although in a limited quantity.

According to the traders, weather conditions are largely positive due to which arrivals are expected to rise. On Monday, market arrivals were reported at 10,000 bales vs 7,000 bales in the last session.

M.P Cotton Quotes (Per Quintal)

Kapas - Rs 4,200-5,200

Cottonseed - Rs 2,150-2,300

Oilcake- Rs 2,285 - 2,360

Cotton Quotes (Per Candy)

29 mm RD (73/75) Variety - Rs.38,700-39,700

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

(Commodities Control Bureau)

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