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

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