Login ID:
Password:
Partner Login
Contact Us : 7066511911

Cotton prices fall in Maharashtra on sluggish buying

28 May 2022 5:42 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI, May 28 (Commoditiescontrol) - Cotton prices moved lower in the mandis of Maharashtra on Saturday due to weak buying from spinning mills, while daily arrivals remained steady.

According to traders, there was a further fall in the prices of cotton in the global market on Friday, so buying from the mills in the state remained subdued. Anyway, the mills of the state are currently procuring cotton only according to the need as they are not getting parity as the proportion in which cotton prices had climb last week in the domestic market, the prices of yarn could not climb. This is the reason why small mills in the state have stopped production and big mills have started cutting production. However, the balance stock of cotton with the mills of the state is less than last year and the new crop will start arriving only in October. Therefore, going forward in the spot market, gradually, the price of cotton will come down. As far as weather is concerned it is clear in cotton producing areas of the state.

A total 5,000 bales (1 bale-170 kg) of cotton arrived in the mandis of the state today, unchanged from a day before.

Cotton prices in the state's mandis were at Rs 12,000 to 12,800, while the price of fardar quality kapas was Rs 9,500 to Rs 10,200 and cottonseed was quoted at Rs 3,800 to Rs 4,200 per quintal.

In Sillod line, the price of Cotton 30/30 plus MM variety was Rs 1,03,000 to Rs 1,05,000 per candy.

In Nagpur and Yavatmal line, 30 mm variety of cotton was priced at Rs 1,06,000-1,06,500, 29.5 mm at Rs 1,05,000 to 1,05,500 and 29 mm variety of cotton at Rs 1,03,000 to 1,04,000 per candy.

In Marathwada, Khandesh line, the price of 29 mm RD 75 variety of cotton was Rs 98,000 to Rs 1,03,000 per candy depending on the quality.

In Akola line mandis, the price of 29 mm variety of cotton was Rs 99,000 to Rs 1,03,000 and that of 28.5 plus cotton at Rs 98,000 to Rs 99,000 per candy, depending on the quality.

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


       
  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
Cotton prices unchanged in Maharashtra on weak mills d...
Cotton prices rule steady n Gujarat amid moderate trade...
Cotton prices stay steady in north India
ZCE COTTON AND YARN AFTERNOON CLOSE 08 AUGUST 2022
08 Aug 2022 11:39 ICE/ZCE daily rate updates
more
Top 5 News
Cotton prices unchanged in Maharashtra on weak mills d...
China's Dalian soybean, soyoil options make debut trade...
NAFED Procures 8,153 MT Moong In Rabi-2022 Season So Fa...
Nafed sale details of various Pulses/Oilseed on 5 Aug, ...
Burma Urad FAQ-SQ variety quotes lower at Chennai, Delh...
Top 5 Special Reports
Lemon Tur (Burma, Kyats) Trending Higher / Next Resis...
Castor Seed Plant (Deesa) Counter-trend Decline / Nex...
Rice Bran Refined Oil (Ludhiana) Weak Short-term Tren...
Week Ahead: CBOT soybean may see recovery on unfavoura...
Week Ahead: Moong unlikely to sustain at higher rates a...
Copyright © CC Commodity Info Services LLP. All rights reserved.