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Lower Rajasthan Cotton Rates Steady amid Restricted Demand, Unchanged Arrivals

20 Jan 2021 5:51 pm
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Mumbai (Commodities Control) - Spot cotton prices in Lower Rajasthan were poised on the second straight day on Wednesday due to limited demand from yarn millers and stockists, while daily arrivals were stalled.

According to the traders, drop in international cotton price on benchmark futures affects domestic cotton rates. Thus on MCX cotton futures contracts were lacklustre and demand weakened in spot markets.

Meanwhile daily market arrivals were reported at 4,000 bales vs 5,000 bales in the last session. Weather conditions in the producing regions have improved to a great extent.

Rajasthan Kapas (Per Quintal)

Kapas - Rs 5,400- 6,000

Cottonseed - Rs 2,500 - 2,950

Mandi-Wise Cotton Quotes (Per Candy)

Marwad (28/29 mm) - Rs.41,500-42,800

Mewad (28-29mm) - Rs.41,000 - 42,500

Alwar/Khairthal/Bahroud (29mm) - Rs. 42,200 - 42,700

28 MM - Rs 41,500

Pilani/SurajGarh 29 mm - Rs 42,100-42,400

(Commodities Control Bureau)

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