Stable Cotton Prices in Maharashtra Amid Spinning Mills Limited Purchases, Daily Arrivals Decrease

New Delhi, April 17 (Commodities Control): Cotton prices in the markets of Maharashtra maintained stability for the third consecutive day on Wednesday, attributed to restrained purchases from spinning mills. Concurrently, the daily arrival of Kapas in the state's mandis experienced a decline.

Traders noted a decline in cotton prices in the global market on Tuesday, impacting the profitability of export deals from the domestic market. Consequently, spinning mills in the state are adopting a cautious approach, purchasing cotton only as per immediate requirements. This cautious purchasing behavior is contributing to the stability of cotton prices in the spot market.

Experts underscore that current cotton prices offer limited margins for ginners, further mitigating the likelihood of a significant downturn in cotton prices. Additionally, cottonseed prices also exhibited stability in the state.

Today, the arrival of Kapas in the state's producer markets totaled 12,000 bales, marking a decrease from the 20,000 bales recorded on the previous trading day.




(CommoditiesControl Bureau; +91-9820130172)