Login ID:
Password:
Partner Login
Contact Us : 7066511911

A.P - Telangana Cotton Prices Extend Steady Trade amid Unch Arrivals, Restricted Mill Demand

3 Mar 2021 4:03 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) - Cotton prices have been steady for the third straight session on Wednesday amid pale demand from private yarn millers and MNCs at Andhra Pradesh and Telangana mandis, while daily arrivals have been steady at both the mandis.

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.

Domestic traders were demotivated to make purchases due to weakness in the international cotton benchmark prices.


On Wednesday, Andhra Pradesh cotton mandis reported arrivals of 2,500 bales, unchanged from the last session and Telangana mandis reported arrivals of 5,000 bales, unchanged from the last session.

Cotton Quotes (Per Quintal)

Kapas -Rs 5,400- 6,400

Cottonseed - Rs 2,500 - 3,050

Cottonseed (A.P) - Rs 2,500- 3,100

Mandi-wise Cotton Quotes (Per Candy)

30mm Guntur 74/75 RD - Rs 46,500-47,200

29mm Guntur (74/75 RD) - Rs. 45,700 - 46,400

28/29mm Bhainsa - Rs 44,500-45,000

Adoni- Rs 45,500 - 46,000

Warangal (29.5-30mm) - Rs. 46,500 - 47,200


(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
ICE Cotton Ends with Triple Digit Losses, Posts Triple ...
Spot Cotton Prices Rise in North India & Gujarat, Stabl...
A.P - Telangana Cotton Prices Rise amid Increased Arriv...
Karnataka Cotton Prices Range-Bound amid Weak Mill Buyi...
Lower Rajasthan Cotton Rates Unchanged amid Lower Buyin...
more
Top 5 News
CBOT Close: CBOT Soybean close higher on fear of less a...
ICE Cotton Ends with Triple Digit Losses, Posts Triple ...
ICE Raw Sugar Settled at 1.5 Month Highs amid Fund Buyi...
Oilseeds Update: Additional 3% Margin to be imposed on ...
Chana Extends Gain in Spot Mkts Tracking Firm Futures, ...
Top 5 Special Reports
Crisis in Mozambique Could Mean Trouble for India's Foo...
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...
Copyright © CC Commodity Info Services LLP. All rights reserved.