Login ID:
Partner Login
Contact Us : 7066511911

Cotton Candy and Kapas Prices Stable in Madhya Pradesh; Arrivals Increased

14 May 2024 1:51 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Indore, May 14 (Commodities Control): Cotton prices maintained stability for the second consecutive day in Madhya Pradesh on Tuesday, primarily due to subdued demand from spinning mills. Concurrently, the daily arrivals of Kapas surged in the state's mandis.

Following the Lok Sabha elections on Monday, an uptick of 400 to 500 bales was observed in cotton arrivals in the Malwa-Nemar mandis on Tuesday.

The arrival of Kapas in Madhya Pradesh's mandis is reported to be between 800 to 1000 bales, with each bale weighing 170 kg. Only 400 to 500 bales had arrived on Monday. The average price of Kapas in the state remained stable, ranging from Rs 6300 to Rs 7400 per quintal. Similarly, cottonseed prices remained steady at Rs 2700 to Rs 2950.

Traders noted that farmers in the state possess only a limited amount of outstanding stock, while stockists are encountering losses at current price levels. Recent declines in global cotton prices have resulted in narrower margins for exports from the domestic market. Moreover, local demand for cotton yarn is stagnating, thereby dampening the prospects for a significant increase in cotton prices.

Arrivals of Kapas in the state's mandis till Tuesday afternoon:
- Gandhwani: Incoming 1418 quintals; Price Rs 7500 per quintal.
- Khetiya: Arrival 37 quintals; Price Rs 6055 to Rs 7630 per quintal.
- Kukshi: Arrival 28 quintals; Price Rs 6500 to Rs 7000 per quintal.
- Sendhwa: Arrival 7 quintals; Price Rs 5700 to Rs 6571 per quintal.

(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 - 22 Jul 2024
ICE/ZCE Daily Rates Update ( Time: 20:10 ) - 22 JULY 20...
Rajasthan Kharif Cotton Sowing Down -36.24% - 19-Jul-24...
Gujarat Kharif Cotton Sowing Down -14.88% - 22-Jul-24
Cotton Arrivals in Major Producing States Reach 18,600 ...
Top 5 News
Small Cardamom Prices Continue to Trade Higher
ZCE Cotton And Yarn Evening Closing - 22 Jul 2024
DCE Oil Complex Evening Closing - 22 Jul 2024
Clove Prices Steady for the Past One and a Half Months
Domestic and Vietnamese Pepper Prices Remain Low Amid W...
Top 5 Special Reports
Economic Survey Highlights India's Growth Prospects and...
Weekly: ICE Sugar Futures Extend Weekly Fall As Global ...
Weekly: ICE Cotton Extends Week of Losses as US Dollar ...
Monsoon Revival Spurs Kharif Crop Sowing, Paddy and Pul...
IGC Report Forecast Rise in Global Rapeseed Production
Copyright © CC Commodity Info Services LLP. All rights reserved.