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Maharashtra Cotton Holds Steady amid Dull Mill Demand, Weak Arrivals

28 Oct 2020 2:32 pm
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Mumbai (Commodities Control) - Maharashtra cotton was quoted steady for the second straight session, amid weak mill buying and reduced arrivals. Traders reveal that the fresh supplies are high on moisture content due to which CCI or the state agencies are yet to commence procurement at MSP in Maharashtra.

It is believed that with the arrivals of dry supplies, the procurement will start during the first week of November. Today market arrivals were reported at 24,000 bales vs 25,000 bales in the previous session.

Maharashtra Cotton Quotes (Per Quintal)

Kapas - Rs 4,200-5,000

Cottonseed - Rs 2,250-2,400

Mandi-wise Cotton Quotes (Per Candy)

Nagpur/Yavatmal (30+mm) - Rs.40,000

Nagpur/Yavatmal (29+mm) - Rs 39,800

Jalgaon (29+mm) - Rs 39,500

Akola/Marathwada (29mm) - Rs 39,500

Akola/Marathwada (28.5+mm) - Rs.39,200

Akola/Marathwada (28mm) - Rs. 39,000

New Cotton 29.5mm (RD 72/75) - Rs 39,400 - 39,700

(Commodities Control Bureau)

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