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Lower Rajasthan Cotton Prices Unch amid Restricted Demand from Millers & Stockists, Increased Arrivals

3 Mar 2021 3:11 pm
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Mumbai (Commodities Control) - Lower Rajasthan Cotton prices held steady for the second straight session on Wednesday amid limited demand from millers and stockists, while daily cotton arrivals improved. The fibre shot up Rs 200 per Candy on Monday.

ICE cotton futures fell about 1% on Tuesday following a sharp rise in the previous session, as a subdued sentiment in equity markets weighed on the natural fiber. The cotton market was able to shed intense selling pressure and close moderately lower.
Cotton contracts for May cotton closed at 90.99 cents, down 58 points, July settled at 91.92 cents, down 54 points and December cotton ended at 86.45 cents, down 34 points.

Meanwhile daily market arrivals were reported at 2,500 bales vs 2,000 bales in the last session.


Rajasthan Kapas (Per Quintal)

Kapas - Rs 5,800- 6,600

Cottonseed - Rs 3,000 - 3,400


Mandi-Wise Cotton Quotes (Per Candy)

Marwad (28.5/29 mm) - Rs.43,500-45,000

Mewad (28-29mm) - Rs.43,000 - 44,700

Alwar/Khairthal/Bahroud (29mm) - Rs. 44,400 - 45,000

Pilani/SurajGarh 28 mm - Rs 43,500 - 43,900

SPOT COTTON PRICE IN LOWER RAJASTHAN

MARKET/VARIETY

UNIT

3/Mar

2/Mar

AVERAGE

%Change

US cent/lb

3/Mar

2/Mar

ABS CHANGE*

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

Rs/Candy

43500-45000

43500-45000

44250

44250

0

0.0

75.89-78.49

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

Rs/Candy

43000-44700

43000-44700

43850

43850

0

0.0

75.02-77.96

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

Rs/Candy

44400-45000

44400-45000

44700

44700

0

0.0

77.46-78.49

Note: USD/INR= Rs 73.13

Note: 1 candy = 356kg | 1 maund = 37.3kg | 1 Bales= 170 kg

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


       
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