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A.P - Telangana Cotton Prices Steady for Second Straight Day amid Firm Arrivals, Limited Mill Demand

6 Mar 2021 2:50 pm
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Mumbai (Commodities Control) - Cotton prices are holding steady for the second straight day in Andhra Pradesh and Telangana on Saturday amid restricted demand from private yarn millers and MNCs at the two states, while daily arrivals have been unchanged at Andhra mandi and weakened at telangana mandi today.

Cotton experts attribute the steadiness in Indian spot markets to firm closing on ICE cotton futures in the previous session. Market participants see bullish supply-demand factors keeping prices elevated, as the WASDE report is awaited next week.

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

Cotton Quotes (Per Quintal)

Kapas -Rs 5,400- 6,350

Cottonseed - Rs 2,500 - 3,000

Mandi-wise Cotton Quotes (Per Candy)

30mm Guntur 74/75 RD - Rs 46,300-47,000

29mm Guntur (74/75 RD) - Rs. 45,600 - 46,200

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

Adoni- Rs 45,500 - 46,000

Warangal (29.5-30mm) - Rs. 46,000 - 46,500

(Commodities Control Bureau)

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