login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Cotton Prices Stable in Maharashtra Amid Limited Demand; Daily Arrivals Up

21 May 2024 2:18 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 21 (Commodities Control): Cotton prices in the markets of Maharashtra remained stable for the fifth consecutive trading day on Tuesday due to limited demand from spinning mills, while an increase in daily arrivals of Kapas was recorded.

Traders report that the recent decline in cotton prices in the international market has led to increased selling by multinational companies in the domestic market. Additionally, the demand for yarn and cotton remains weak, prompting spinning mills in the state to purchase only as per their requirements.

Experts suggest that ginning mills are experiencing financial disparities at current cotton prices, possibly leading to higher-than-expected outstanding stock levels. Consequently, Kapas and cottonseed prices have also stabilized in the state.

The domestic futures market showed a mixed trend today. Kapas prices in the April-25 futures contract on NCDEX rose by Rs 15.5 to Rs 1,590 per 20 kg, while cotton prices in the May-24 futures contract on MCX weakened by Rs 300 to Rs 55,800 per candy.

The arrival of Kapas in Maharashtra's producer markets increased significantly, with 25,000 bales reported today compared to 17,000 bales 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
0.0

   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
Cotton Prices Surge in North Indian States as Spinning ...
Kapas Arrivals in Major Producing States Total 22,900 B...
Cotton Prices in Karnataka Remain Stable Amid Limited B...
Cotton Prices Remain Stable in Andhra & Telangana; Dail...
Cotton Prices Stable in Maharashtra; Daily Arrivals Con...
more
Top 5 News
CNF Chennai Port Burma Prices In $ - 24 Jun 2024
Cotton Prices Surge in North Indian States as Spinning ...
Palm Oil Futures Edge Up in Range-Trading Amid Weaker C...
Solapur Pulse Market: Tur Prices Steady; Chana Sees Sli...
NCDEX Stock position of commodities at NCCL approved wa...
Top 5 Special Reports
Weekly: ICE Sugar Return To Losses on Robust Brazilian ...
Weekly: Cotton Extends Week of Losses as Strength of Do...
US soybean net sales for June 7-13 at 556,500 MT, up 48...
US cotton net export sales for June 7-13 at 189,000 RB,...
Government Raises Kharif Crop MSPs for 2024-25, Enhanci...
Copyright © CC Commodity Info Services LLP. All rights reserved.