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Karnataka Cotton Prices Slips on Dull Demand from Stockists-Millers, Dull Futures Cues

20 Jan 2021 4:48 pm
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Mumbai (Commodities Control) - Karnataka cotton prices cooled off on Wednesday amid restricted demand from yarn millers and stockists, while daily arrivals increased. It is to be noted that domestic futures prices recovered tracking global cotton prices. MCX cotton active contract is 0.12% lower at Rs 21,080.


Spot cotton prices eased a bit due to weaker-than-usual demand from stockists, as cotton prices slipped on global benchmark futures along with MCX futures. Markets are a bit jittery ahead of the oath taking ceremony by Joe Biden in the U.S on Wednesday. Daily cotton arrivals on Wednesday were registered at 10,000 bales vs 9,000 bales in the last session.


Karnataka Quotes (Per Quintal)

Kapas - Rs 5,200-6,100

Cottonseed - Rs 2,300-2,525


Mandi-wise Cotton Quotes (Per Candy)

29-29.5 mm - Rs 43,500 -44,000

30/31mm - Rs. 44,500-45,000

DCH 32 BLS 33/34mm- Rs 62,500-66,000



(Commodities Control Bureau)



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