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A.P-Telangana Cotton Steady for Second Straight Session due to Limited Mill Buying, Weaker-Than-Usual Arrivals

16 Jan 2021 6:23 pm
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Mumbai (Commodities Control) - Cotton prices have been steady for the second straight session on Saturday, due to restricted demand from private yarn millers and stockists at Andhra Pradesh and Telangana mandis, while daily arrivals were lower than usual fell in Andhra and Telangana mandis.

According to the traders, domestic prices dropped tracking cool off on benchmark ICE futures. Having said so, fundamentals are in favour of price rise in global cotton which will eventually aid the rally in domestic prices.

Meanwhile on Saturday, Andhra Pradesh cotton mandis reported arrivals of 2,000 bales and Telangana mandis reported arrivals of 10,000 bales vs 15,000 bales in the last session. Having said so, weather conditions have been favourable in most parts of the states, barring a few where skies were overcast.

Cotton Quotes (Per Quintal)

Kapas -Rs 4,800- 6,000

CCI Telangana Purchase Rate- Rs 5,550-5,800

Cottonseed (Telangana) - Rs 2,200 - 2,450

Cottonseed (A.P) - Rs 2,250- 2,550

Mandi-wise Cotton Quotes (Per Candy)

30mm Guntur 74/75 RD - Rs 44,000-45,200

29mm Guntur (74/75 RD) - Rs. 43,300 - 44,000

28/29mm Bhainsa - Rs 42,000-44,000

Adilabad (29mm) - Rs 43,200-44,300

Warangal (29.5-30mm) - Rs. 43,700 - 44,500

(Commodities Control Bureau)

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