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Lower Rajasthan Cotton Dropped Rs 200/Candy due to Lower Mill Buying, Weak Arrivals

23 Jan 2021 2:44 pm
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Mumbai (Commodities Control) - Spot cotton prices fell Rs 100-200 per Candy in Lower Rajasthan on Saturday due to weak demand from millers and stockists, while daily arrivals dropped.

Cotton prices fell more than 1% on Friday as a firmer dollar and profit taking precipitated a pullback from an over two-year peak scaled in the previous session.The cotton contract for Mar 21 closed at 81.56 cents, down 101 points.

Meanwhile daily market arrivals were reported at 3,500 bales vs 4,000 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 2,600 - 3,000

Mandi-Wise Cotton Quotes (Per Candy)

Marwad (28/29 mm) - Rs.41,700-42,800

Mewad (28-29mm) - Rs.41,200 - 42,700

Alwar/Khairthal/Bahroud (29mm) - Rs. 42,400 - 43,100

28 MM - Rs 41,700

Pilani/SurajGarh 29 mm - Rs 42,200-42,500

(Commodities Control Bureau)

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