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Spot Cotton Rates Weak-to-Steady Across Major Markets Tracking Weak Global Cues, Dull Demand

16 Jan 2021 4:34 pm
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Mumbai Commodities Control - Spot cotton rates were quoted Rs 20-30 per Maund lower in North Indian cotton mandis, while the fibre fell Rs 100-200 per Candy in Lower Rajasthan.

Mixed price trend prevailed in Gujarat, while Maharshtra cotton was quoted unchanged along with fibre in South India.

SPOT COTTON PRICES IN MAJOR INDIAN MARKETS
MARKET/VARIETY UNIT 16/Jan 15/Jan AVERAGE %Change US cent/lb
16/Jan 15/Jan ABS CHANGE*
Punjab J-34 (RG) 27-28.5MM (MIC 4.00-4.7) Rs/maund 4430-4470 4450-4490 4,450 4,470 -20 -0.4 73.71-74.38
Haryana J-34 (RG) 27-28 (MIC 4+) Rs/maund 4410-4450 4440-4480 4,430 4,460 -30 -0.7 73.38-74.05
Rajasthan J-34 (RG) 26.5-28mm (MIC 4.00-4.5) Rs/maund 4420-4460 4450-4490 4,440 4,470 -30 -0.7 73.55-74.21
Lower Rajasthan-Marwad Line 28-29 mm (MIC 3.0-3.8) Rs/Candy 41500-42700 41500-43100 42,100 42,300 -200 -0.5 72.49-74.57
Lower Rajasthan-Mewad Line 28-29mm (MIC 3.0-3.8) Rs/Candy 41000-42500 41000-42800 41,750 41,900 -150 -0.4 71.61-74.22
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 42200-42700 42400-42700 42,450 42,550 -100 -0.2 73.71-74.57
Gujarat S-6 A Grade (29mm) (3.8-4.00 MIC) Rs/Candy 43400-43700 43500-43800 43,550 43,650 -100 -0.2 75.81-76.31
Gujarat S-6 B Grade (28.5 mm) (3.5-3.7 MIC) Rs/Candy 42900-43200 43000-43300 43,050 43,150 -100 -0.2 74.93-75.44
Gujarat S-6 C Grade (28 mm) (3.2-3.5 MIC) Rs/Candy 0-0 0-0 - - 0 #DIV/0! 0-0
Gujarat V797 A Grade 22-24mm Rs/Candy 28900-29200 28900-29200 29,050 29,050 0 0.0 50.48-50.99
Gujarat V797 B Grade Rs/Candy 27500-28000 27500-28000 27,750 27,750 0 0.0 48.03-48.9
MH 30mm Nagpur Line (3.8-4.2 MIC) Rs/Candy 44500-44800 44500-44800 44,650 44,650 0 0.0 77.73-78.24
MH 29mm+ (3.8-4.00 MIC) Nagpur Line Rs/Candy 42700-43200 42700-43200 42,950 42,950 0 0.0 74.58-75.44
MH 29mm+ Jalgaon Line (3.6-3.7 MIC) Rs/Candy 43200-43300 43200-43300 43,250 43,250 0 0.0 75.46-75.62
MH 29mm Akola/Marathwada Line (3.5-3.7 MIC) Rs/Candy 43200-43600 43200-43600 43,400 43,400 0 0.0 75.46-76.14
MH 28.5mm Akola/Marathwada Line (3.5-3.7 MIC) Rs/Candy 41600-42200 41600-42200 41,900 41,900 0 0.0 72.66-73.69
MH 28mm Akola/Marathwada Line (MIC 3.6) Rs/Candy 41400-41600 41400-41600 41,500 41,500 0 0.0 72.31-72.65
MP-MECH 29mm+ (3.7-3.8 MIC) Rs/Candy 43500-43900 43700-44200 43,700 43,950 -250 -0.6 75.98-76.66
MP-MECH B Grade Rs/Candy 42700-43200 42900-43400 42,950 43,150 -200 -0.5 74.58-75.44
MP-MECH C Grade Rs/Candy 42200-42500 42400-42800 42,350 42,600 -250 -0.6 73.71-74.22
MP Fardar Grade Rs/Candy 40000-41000 40000-41300 40,500 40,650 -150 -0.4 69.87-71.6
MP-DCH 35mm+ Rs/Candy 68500-70000 68500-70000 69,250 69,250 0 0.0 119.65-122.24
Telangana - Bhainsa 29.5mm (MIC 3.8-4.1) Rs/Candy 42500-43500 42500-43500 43,000 43,000 0 0.0 0.13-0.13
Telangana - Bhainsa 29mm (MIC 3.5-3.8) Rs/Candy 42000-42500 42000-42500 42,250 42,250 0 0.0 0.13-0.13
Telangana - Warangal (29.5-30mm) (MIC 3.7+) Rs/Candy 43700-44500 43700-44500 44,100 44,100 0 0.0 0.13-0.13
Telangana - Warangal 29mm+ Rs/Candy 43000-43500 43000-43500 43,250 43,250 0 0.0 0.13-0.13
AP - Guntur A Grade (30-31mm) (MIC 4.2 -4.6) Rs/Candy 43700-44200 43700-44200 43,950 43,950 0 0.0 0.13-0.13
Karnataka 29mm (MIC 3.8-4.0) Rs/Candy 43500-44000 43500-44000 43,750 43,750 0 0.0 0.13-0.13
Karnataka DCH Rs/Candy 62000-66000 62000-66000 64,000 64,000 0 0.0 0.12-0.13
Note: USD/INR= Rs 73.04
Note: 1 candy = 355.62 kg | 1 maund = 37.3kg |MH - Maharashtra; MP - Madhya Pradesh; AP - Andhra Pradesh
*Average Change is the difference between average price of current date vs previous date

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