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Cotton eases further in Lower Rajasthan on subdued buying

28 May 2022 6:02 pm
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NEW DELHI, May 28 (Commoditiescontrol) - Cotton prices fell further in the mandis of lower Rajasthan on Saturday due to lower demand from mills, while no arrivals were reported today.

The weather is clear in the cotton producing areas of the state. According to traders, the prices of cotton declined in the global market for the second consecutive day on Friday, due to which the purchase of mills in the domestic market also softened. Anyway, at present the spinning mills of the state are procuring cotton only as per the requirement as they are facing disparity due to slow increase in yarn prices. Therefore, a slight softening in cotton prices in the spot market is likely to come further. Although the balance stock of cotton with the mills of the state is much less than last year, while the arrival of the new crop in the state's mandis will start only in September-October. Therefore, there is no chance of a big drop right now.

In Alwar, Khairthal and Behror lines of the state, the price of 28.5 mm cotton was at Rs 98,000- 99,000 per candy (one candy - 356 kg).

In Mewar/Vijaynagar line, the price of 28 mm cotton was Rs 76,500 to Rs 78,500 per candy.

Cotton prices in Marwar line ranged from Rs 93,500 to Rs 95,500 per candy.

Cotton prices in Beawar line ranged from Rs 92,500 to Rs 96,500 per candy.

Cottonseed prices ranged from Rs 3,700 to Rs 3,800 per quintal in the state's mandis.

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


       
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