Login ID:
Password:
Partner Login
Contact Us : 7066511911

Karnataka Cotton Prices Flat for Third Straight Day amid Dull Demand, Lower Daily Arrivals

3 Mar 2021 3:47 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) - Karnataka cotton prices stalled for the third straight session on Wednesday due to restricted demand from millers and stockists, while daily arrivals have reduced today.

Meanwhile, MCX cotton March Contract is trading in a range at Rs 22,340 and April’21 Kapas futures quoted flat-to-firm at Rs 1263.50.Both the contracts have pared some mid-morning gains. This is mostly due to dull trade on ICE cotton futures, as May ‘21 contract trade at 90.71 cent per lb, down 0.31%.


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.


Daily cotton arrivals on Wednesday were registered at 3,500 bales vs 4,000 bales in the last session

Karnataka Quotes (Per Quintal)

Kapas - Rs 5,600-6,700

Cottonseed - Rs 2,600-3,000


Mandi-wise Cotton Quotes (Per Candy)

RD 75 29-29.5 mm - Rs 45,800 -46,700

30/31mm - Rs. 46,800-47,800

DCH 32 BLS 33/34mm- Rs 69,000-73,000


(Commodities Control Bureau)



       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Oilseed Commentary: CBOT Soybean futures traded firm on...
Vegoils commentary: Futures to bounce on hitting suppor...
BMD Close: Palm up after 3 days of falls, tracks firm r...
Oilseed Commentary: NCDEX Soybean futures corrects on f...
BMD Mid-day Close: Palm tracks rival CBOT soyoil higher...
more
Top 5 News
Punjab Sugar Mill Prices – 14 april 2021
Madhya Pradesh Sugar Mill Prices – 14 APRIL 2021
Gujarat Sugar Mill Prices –14 april 2021
MAHARASHTRA Sugar Mill Prices – 14 APRIL 2021
Uttar Pradesh Sugar Mill Prices -14 APRIL2021
Top 5 Special Reports
Cotton Yarn Prices to Resume Northward Rally; Expanding...
Weekly: Most Pulses Rise Over the Week Amid Mill Purcha...
Weekly: NY Cotton Gains For the First Time in Seven We...
Weekly: NY Sugar Ends Positive on Brazil Weather Concer...
Chana Special: Lower Production & Carry Forward Stocks ...
Copyright © CC Commodity Info Services LLP. All rights reserved.