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Spot Cotton Rates Tanked Across All Major Indian Cotton Markets

26 Feb 2021 9:51 pm
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Mumbai (Commodities Control) - North Indian cotton was quoted Rs 100-113/Maund lower, while in Lower Rajasthan the fibre lost Rs 300-700 per Candy. Spot prices fell tracing steep decline in international cotton rates, leading to reduced demand by millers, stockists, exporters and MNCs today.

In Central India, cotton rates lost Rs 150-500 per Candy for different varieties.

SPOT COTTON PRICES IN MAJOR INDIAN MARKETS

MARKET/VARIETY

UNIT

26/Feb

25/Feb

AVERAGE

%Change

US cent/lb

26/Feb

25/Feb

ABS CHANGE*

Punjab J-34 (RG) 27-28.5MM (MIC 4.00-4.7)

Rs/maund

4530-4580

4630-4700

4,555

4,665

-110

-2.4

74.37-75.19

Haryana J-34 (RG) 27-28 (MIC 4+)

Rs/maund

4450-4500

4530-4580

4,475

4,555

-80

-1.8

73.06-73.88

Rajasthan J-34 (RG) 26.5-28mm (MIC 4.00-4.5)

Rs/maund

4560-4600

4670-4715

4,580

4,693

-113

-2.4

74.86-75.52

Lower Rajasthan-Marwad Line 28-29 mm (MIC 3.0-3.8)

Rs/Candy

43400-44500

43700-44800

43,950

44,250

-300

-0.7

74.79-76.67

Lower Rajasthan-Mewad Line 28-29mm (MIC 3.0-3.8)

Rs/Candy

43200-44200

43700-44500

43,700

44,100

-400

-0.9

74.45-76.16

Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2)

Rs/Candy

43200-44200

44000-44800

43,700

44,400

-700

-1.6

74.45-76.16

Gujarat S-6 A Grade (29mm) (3.8-4.00 MIC)

Rs/Candy

45700-46100

45900-46200

45,900

46,050

-150

-0.3

78.76-79.43

Gujarat S-6 B Grade (28.5 mm) (3.5-3.7 MIC)

Rs/Candy

45100-45600

45300-45700

45,350

45,500

-150

-0.3

77.72-78.57

Gujarat S-6 C Grade (28 mm) (3.2-3.5 MIC)

Rs/Candy

44500-45000

44700-45200

44,750

44,950

-200

-0.4

76.69-77.53

Gujarat V797 A Grade 22-24mm

Rs/Candy

33100-33400

33300-33600

33,250

33,450

-200

-0.6

57.04-57.55

Gujarat V797 B Grade

Rs/Candy

31900-32500

32100-32700

32,200

32,400

-200

-0.6

54.97-56

MH 30mm Nagpur Line (3.8-4.2 MIC)

Rs/Candy

46200-46600

46500-46900

46,400

46,700

-300

-0.6

79.62-80.29

MH 29mm+ (3.8-4.00 MIC) Nagpur Line

Rs/Candy

44500-45000

44800-45300

44,750

45,050

-300

-0.7

76.69-77.53

MH 29mm+ Jalgaon Line (3.6-3.7 MIC)

Rs/Candy

44700-44900

44900-45100

44,800

45,000

-200

-0.4

77.03-77.36

MH 29mm Akola/Marathwada Line (3.5-3.7 MIC)

Rs/Candy

45000-45300

45200-45600

45,150

45,400

-250

-0.6

77.55-78.05

MH 28.5mm Akola/Marathwada Line (3.5-3.7 MIC)

Rs/Candy

42800-44300

43300-44300

43,550

43,800

-250

-0.6

73.76-76.33

MH 28mm Akola/Marathwada Line (MIC 3.6)

Rs/Candy

42400-42700

42900-43200

42,550

43,050

-500

-1.2

73.07-73.57

MP-MECH 29mm+ (3.7-3.8 MIC)

Rs/Candy

45400-45800

45500-46100

45,600

45,800

-200

-0.4

78.24-78.91

MP-MECH B Grade

Rs/Candy

44600-45200

44900-45400

44,900

45,150

-250

-0.6

76.86-77.88

MP-MECH C Grade

Rs/Candy

43900-44400

44300-44700

44,150

44,500

-350

-0.8

75.65-76.5

MP Fardar Grade

Rs/Candy

41200-42300

41500-42500

41,750

42,000

-250

-0.6

71-72.88

Note: USD/INR= Rs 74.03

Note: 1 candy = 355.62 kg | 1 maund = 37.3kg |MH - Maharashtra; MP - Madhya Pradesh; AP - Andhra Pradesh

*Average Change is the difference between average price of current date vs previous date


       
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