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Karnataka Cotton Prices Slip on Restricted Demand, Arrivals Poised

23 Jan 2021 2:30 pm
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Mumbai (Commodities Control) - Karnataka cotton prices were steady-to-weak on Saturday amid limited demand from yarn millers and stockists, while daily arrivals were stalled.

Domestic cotton prices dropped tracking profit booking in global markets. Having said so, there's no bearish trend in the vicinity yet, as 60% of the crop has nearly arrived and remaining is in strong hands. Cotton prices are seen improving, going ahead.

Daily cotton arrivals on Saturday were registered at 7,000 bales, unchanged from the last session.

Karnataka Quotes (Per Quintal)

Kapas - Rs 5,200-6,050

Cottonseed - Rs 2,300-2,600

Mandi-wise Cotton Quotes (Per Candy)

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

30/31mm - Rs. 44,800-45,500

DCH 32 BLS 33/34mm- Rs 62,500-66,800

(Commodities Control Bureau)

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