Cotton Prices Stable in Maharashtra as Ginners Limit Sales at Lower Prices

New Delhi, March 29 (Commodities Control): Cotton prices maintained stability in Maharashtra's markets on Friday, driven by subdued sales from ginning mills unwilling to engage at lower price levels, while a notable decline in daily Kapas arrivals noted in the state's mandis.

Traders attribute the reluctance of ginning mills to sell at reduced prices to their previous acquisitions of cotton from farmers at comparatively higher rates. Consequently, mills are refraining from lowering prices, thus contributing to the stabilization of cotton prices in the spot market.

Experts anticipate a surge in local yarn demand alongside exports in the imminent consumption season, which is expected to bolster market activity in the coming days. Moreover, with most small spinning mills in the state holding limited cotton stock, a surge in demand from these mills is anticipated in the following month. Cottonseed prices also mirrored this stability alongside Kapas in the state.

Today, the arrival of Kapas into the state's producer mandis stood at 15,000 bales, representing a significant decrease from the 30,000 bales recorded on the previous trading day.



(CommoditiesControl Bureau; +91-9820130172)