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A.P - Telangana Cotton Declines for Second Consecutive Session amid Weak Demand from Millers, Stockists

4 Dec 2020 3:05 pm
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Mumbai (Commodities Control) - Cotton prices collapsed for the second consecutive session by Rs 200 per Candy, due to weak mill and stockists’ demand in Andhra and Telangana mandis today, amid higher daily arrivals. According to the traders, millers are unwilling to buy due to weaker price cues from the global cotton benchmark.


Traders confirm that most of the producing regions are witnessing clear skies and better weather conditions. Telangana witnessed cotton arrivals of 35,000 baes vs 33,000 bales in the last session, while Andhra registered arrivals of 15,000 bales vs 7,000 bales in the previous session.

Cotton Quotes (Per Quintal)

Kapas -Rs 4,800- 5,400

CCI Telangana Purchase Rate- Rs 5,550-5,775

Cottonseed (Telangana) - Rs 2,150 - 2,350

Cottonseed (A.P) - Rs 2,200- 2,400

Mandi-wise Cotton Quotes (Per Candy)

30mm Guntur 74/75 RD - Rs 41,300-41,700

29mm Guntur (74/75 RD) - Rs. 40,500 - 41,200

Adoni (29+mm) - Rs 40,600- 41,000

Bhainsa (28.5-29mm)- Rs.39500 - 40500

Adilabad (29+mm) - Rs 40,000-40,500

Warangal (29.5-30mm) - Rs. 41,000 - 41,700

(Commodities Control Bureau)




       
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