Login ID:
Partner Login
Contact Us : 7066511911

Cotton Prices Decline in Karnataka; Daily Arrivals Remain Stable

1 May 2024 4:02 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 1 (Commodities Control): Cotton prices witnessed a decline in Karnataka on Wednesday, attributed to reduced purchases from spinning mills, while daily arrivals of Kapas remained stable in the state mandis.

Traders noted that cotton prices in the domestic market are fluctuating in line with the prices of ICE cotton futures. Consequently, with a decline of three points in ICE cotton futures on Tuesday, prices experienced a downturn due to weakened purchases from spinning mills in the domestic market as well.

Despite the Cotton Corporation of India (CCI) selling cotton at elevated prices domestically, the arrival of Kapas in mandis across the country has significantly decreased. Consequently, traders in the spot market are not overly bearish on cotton prices. Kapas prices in the state weakened by Rs 125, while cottonseed prices fell by Rs 325.

On Wednesday, the arrival of Kapas in the state's mandis totaled 2,000 bales, each bale weighing 170 kg, consistent with the arrival recorded on the previous trading day.

(By Commoditiescontrol Bureau: +91-9820130172)

  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 - 17 Jul 2024
India Miller Slowdown Cotton Buying as Season End Appro...
Major Producing States Receive 15,700 Bales of Cotton
Kapas Arrival Zero in Madhya Pradesh; Cotton Seed Price...
Cotton Prices Stable in Karnataka as Spinning Mills Lim...
Top 5 News
ZCE Cotton And Yarn Evening Closing - 17 Jul 2024
DCE Oil Complex Evening Closing - 17 Jul 2024
Mentha Oil Prices Extend Gains for Second Straight Day
Guar Seed & Gum Prices Steady; Futures Trade Suspended ...
London Metal Exchange Settlement - 17-Jul-2024
Top 5 Special Reports
USDA Forecasts Global Cotton Production Surge, Expects ...
Argentina's Currency Market Intervention: Will It Reviv...
Weekly: Sugar Prices Decline Amid Strong Brazilian Outp...
Weekly: Cotton Extend Loss For 7th Week; Bears Tighten ...
USDA lowers 2024-25 global soybean production estimates...
Copyright © CC Commodity Info Services LLP. All rights reserved.