Login ID:
Partner Login
Contact Us : 7066511911

Cotton Prices Hold Steady in Karnataka; Daily Arrivals Surge

22 Apr 2024 2:26 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, April 22 (Commodities Control): Cotton prices remained stable in Karnataka's mandis on Monday, with limited demand from spinning mills, while daily arrivals of Kapas increased in the state's mandis.

Traders note that cotton prices remained stable due to restrained purchases by the state's spinning mills, despite higher opening prices in the global market today. According to experts, further increases in cotton prices in the world market could lead to improvements in local cotton prices. Moreover, with the state's mills holding less outstanding stock of cotton, coupled with an anticipated rise in local demand for cotton yarn, the market dynamics could shift favorably. In contrast, Kapas prices rose by Rs 50 in the state, while cottonseed prices remained stable.

In the domestic futures market, cotton prices maintained their bullish trend today. Kapas prices rose by Rs 14 to Rs 1,445 per 20 kg in the April-24 futures contract on NCDEX. Similarly, cotton prices in the May-24 futures contract on MCX surged by Rs 940 to Rs 58,900 per candy.

Monday witnessed a notable surge in the arrival of cotton in the state's mandis, totaling 2,000 bales, with each bale weighing 170 kg, compared to 1,500 bales on the previous trading day.

(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

   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 :  

Post Comment  

Latest Market Commentary
ZCE Cotton And Yarn Evening Closing - 13 JUNE 2024
DCE Oil Complex Evening Closing - 13 JUNE 2024
ICE/ZCE Daily Rates Update ( Time: 20:24 ) - 13 JUNE 20...
Cotton Arrivals Steady at 24,500 Bales Across Major Pro...
Cotton Prices Stable in Andhra & Telangana Amid Limited...
Top 5 News
ZCE Cotton And Yarn Evening Closing - 13 JUNE 2024
DCE Oil Complex Evening Closing - 13 JUNE 2024
Domestic Pepper Prices Stable; Vietnamese Prices Dip Am...
Clove Prices Remain Steady Across Key Markets
ICE/ZCE Daily Rates Update ( Time: 20:24 ) - 13 JUNE 20...
Top 5 Special Reports
US soybean net sales for May 31-June 6 at 377,100 MT, u...
US cotton net export sales for May 31-June 6 at 177,100...
USDA lowers 2024-25 global soybean ending stocks estima...
USDA revises 2024-25 global cotton ending stocks estima...
Copyright © CC Commodity Info Services LLP. All rights reserved.