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Spot Cotton Rates Drop Across Cotton Mandis Tracking Weakness in Global markets, Reduced Mill Demand

4 Mar 2021 7:15 pm
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Mumbai (Commodities Control) - North Indian cotton mandis witness price fall of Rs 15-35 per Maund, while in Lower Rajasthan cotton prices decline by Rs 50-150 per Candy.

In Gujarat, cotton prices dropped by Rs 100/Candy, while in Maharashtra and Madhya Pradesh, cotton prices fell by Rs 100-250 per Candy today. The fibre was quoted steady-to-weak across Andhra Pradesh and Telangana cotton mandis on Thursday.

SPOT COTTON PRICES IN MAJOR INDIAN MARKETS
MARKET/VARIETY UNIT 4/Mar 3/Mar AVERAGE %Change US cent/lb
4/Mar 3/Mar ABS CHANGE*
Punjab J-34 (RG) 27-28.5MM (MIC 4.00-4.7) Rs/maund 4620-4670 4620-4700 4,645 4,660 -15 -0.3 77.16-78
Haryana J-34 (RG) 27-28 (MIC 4+) Rs/maund 4520-4570 4550-4610 4,545 4,580 -35 -0.8 75.49-76.33
Rajasthan J-34 (RG) 26.5-28mm (MIC 4.00-4.5) Rs/maund 4660-4700 4690-4730 4,680 4,710 -30 -0.6 77.83-78.5
Lower Rajasthan-Marwad Line 28-29 mm (MIC 3.0-3.8) Rs/Candy 43500-44800 43500-45000 44,150 44,250 -100 -0.2 76.26-78.53
Lower Rajasthan-Mewad Line 28-29mm (MIC 3.0-3.8) Rs/Candy 43000-44600 43000-44700 43,800 43,850 -50 -0.1 75.39-78.17
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 44200-44900 44400-45000 44,550 44,700 -150 -0.3 77.49-78.7
Gujarat S-6 A Grade (29mm) (3.8-4.00 MIC) Rs/Candy 46000-46500 46100-46600 46,250 46,350 -100 -0.2 80.65-81.51
Gujarat S-6 B Grade (28.5 mm) (3.5-3.7 MIC) Rs/Candy 45500-45900 45600-46000 45,700 45,800 -100 -0.2 79.77-80.45
Gujarat S-6 C Grade (28 mm) (3.2-3.5 MIC) Rs/Candy 44900-45400 45000-45500 45,150 45,250 -100 -0.2 78.72-79.58
Gujarat V797 A Grade 22-24mm Rs/Candy 33700-34800 33700-34800 34,250 34,250 0 0.0 59.08-61
Gujarat V797 B Grade Rs/Candy 33000-33000 33000-33000 33,000 33,000 0 0.0 57.85-57.84
MH 30mm Nagpur Line (3.8-4.2 MIC) Rs/Candy 46300-46700 46500-46900 46,500 46,700 -200 -0.4 81.17-81.86
MH 29mm+ (3.8-4.00 MIC) Nagpur Line Rs/Candy 44700-45200 44700-45300 44,950 45,000 -50 -0.1 78.37-79.23
MH 29mm+ Jalgaon Line (3.6-3.7 MIC) Rs/Candy 44700-45000 44900-45200 44,850 45,050 -200 -0.4 78.37-78.88
MH 29mm Akola/Marathwada Line (3.5-3.7 MIC) Rs/Candy 45000-45400 45200-45600 45,200 45,400 -200 -0.4 78.89-79.58
MH 28.5mm Akola/Marathwada Line (3.5-3.7 MIC) Rs/Candy 42600-43600 42800-43900 43,100 43,350 -250 -0.6 74.69-76.42
MH 28mm Akola/Marathwada Line (MIC 3.6) Rs/Candy 41700-41900 41900-42200 41,800 42,050 -250 -0.6 73.11-73.44
MP-MECH 29mm+ (3.7-3.8 MIC) Rs/Candy 45300-45800 45500-46000 45,550 45,750 -200 -0.4 79.42-80.28
MP-MECH B Grade Rs/Candy 44900-45300 45000-45400 45,100 45,200 -100 -0.2 78.72-79.4
MP-MECH C Grade Rs/Candy 43900-44500 44000-44600 44,200 44,300 -100 -0.2 76.96-78
MP Fardar Grade Rs/Candy 41200-42300 41400-42500 41,750 41,950 -200 -0.5 72.23-74.14
MP-DCH 35mm+ Rs/Candy 70000-73000 70000-73000 71,500 71,500 0 0.0 122.72-127.95
Telangana - Bhainsa 29.5mm (MIC 3.8-4.1) Rs/Candy 44200-44700 44200-44700 44,450 44,450 0 0.0 77.49-78.35
Telangana - Bhainsa 29mm (MIC 3.5-3.8) Rs/Candy 43800-44000 43800-44000 43,900 43,900 0 0.0 76.79-77.12
Telangana - Warangal (29.5-30mm) (MIC 3.7+) Rs/Candy 46000-46800 46500-47200 46,400 46,850 -450 -1.0 80.65-82.03
Telangana - Warangal 29mm+ Rs/Candy 45000-45300 45200-45500 45,150 45,350 -200 -0.4 78.89-79.4
AP - Guntur A Grade (30-31mm) (MIC 4.2 -4.6) Rs/Candy 46000-46500 46000-46500 46,250 46,250 0 0.0 80.65-81.51
Karnataka 29mm (MIC 3.8-4.0) Rs/Candy 46000-46500 46000-46700 46,250 46,350 -100 -0.2 80.65-81.51
Karnataka DCH Rs/Candy 70000-73000 70000-73000 71,500 71,500 0 0.0 122.72-127.95
Note: USD/INR= Rs 72.77
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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