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Lower Rajasthan Cotton prices Hold Steady amid Restricted Mill Buying, Lower Arrivals

6 Mar 2021 2:24 pm
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Mumbai (Commodities Control) - Lower Rajasthan Cotton prices held steady on Saturday amid limited demand from millers and stockists, while daily arrivals dropped. Traders reveal that the fibre lost Rs 300-350 per Candy in the latest week.


It is to be noted that the drop in ICE cotton futures stalled on Friday, as the international cotton benchmark managed to end the session on a positive note. Traders continue to bet on higher cotton exports from the U.S, while the ending stocks situation is tight. Indian cotton meanwhile enjoys attractive export parity; being the cheapest cotton in the World. Vietnam, Bangladesh, China are queuing up to purchase Indian fibre. Tight supplies of premium quality cotton is expected to keep Indian cotton prices elevated during the ongoing season.


Meanwhile daily market arrivals were reported at 1,500 bags vs 2,000 bags in the last session.


Rajasthan Kapas (Per Quintal)

Kapas - Rs 5,800- 6,550

Cottonseed - Rs 3,000 - 3,400


Mandi-Wise Cotton Quotes (Per Candy)

Marwad (28.5/29 mm) - Rs.43,200-44,500

Mewad (28-29mm) - Rs.42,800 - 44,200

Alwar/Khairthal/Bahroud (29mm) - Rs. 44,000 - 44,600

Pilani/SurajGarh 28 mm - Rs 43,000 - 43,400



SPOT COTTON PRICE IN LOWER RAJASTHAN

MARKET/VARIETY

UNIT

6/Mar

5/Mar

AVERAGE

%Change

US cent/lb

6/Mar

5/Mar

ABS CHANGE*

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

Rs/Candy

43200-44500

43100-44400

43850

43750

100

0.2

75.67-77.94

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

Rs/Candy

42800-44200

42700-44000

43500

43350

150

0.3

74.97-77.41

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

Rs/Candy

44000-44600

44000-44600

44300

44300

0

0.0

77.08-78.11

Note: USD/INR= Rs 72.83

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



(By Commoditiescontrol Bureau: +91-22-40015505)





       
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