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

Cotton Prices Hold Steady in Andhra & Telangana; Daily Arrivals Stable

21 May 2024 2:23 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 21 (Commodities Control): Cotton prices in the markets of Andhra Pradesh and Telangana remained stable for the fifth consecutive trading day on Tuesday due to limited demand from spinning mills. The daily arrival of Kapas in these states also remained stable.

Traders report that spinning mills in Andhra Pradesh and Telangana are purchasing limited quantities of cotton following the recent decline in global cotton prices. This decline has made cotton exports from the domestic market unprofitable, and local demand for yarn continues to be weaker than normal. Consequently, there is no anticipated rise in cotton prices in the spot market.

In the domestic futures market, cotton prices exhibited a mixed trend today. Kapas prices in the April-25 futures contract on NCDEX rose by Rs 10.5 to Rs 1,585 per 20 kg, while cotton prices in the May-24 futures contract on MCX weakened by Rs 100 to Rs 56,000 per candy.

The arrival of cotton in Andhra Pradesh and Telangana was recorded at 2,500 bales. Specifically, Andhra Pradesh saw a daily arrival of 2,000 bales, while Telangana reported 500 bales. These figures are consistent with the arrivals 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
ZCE Cotton And Yarn Evening Closing - 21 Jan 2024
ICE/ZCE Daily Rates Update ( Time: 20:31 ) - 21 JUNE 20...
Kapas Arrivals Reach 24,000 Bales in Major Producing St...
Cotton Prices Stable in Andhra & Telangana; Daily Arriv...
Cotton Candy Prices and Daily Arrivals Stable in Karnat...
more
Top 5 News
Small Cardamom Prices Show Modest Recovery; Higher Arri...
Stable Clove Prices Reported in Key Markets
Pepper Prices Surge Domestically; Vietnam Reports Stabi...
ZCE Cotton And Yarn Evening Closing - 21 Jan 2024
DCE Oil Complex Evening Closing - 21 Jan 2024
Top 5 Special Reports
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...
South Australia's 2024-25 Winter Crop Production Foreca...
Weekly: ICE Sugar Futures Revived By ISO's Global Defic...
Copyright © CC Commodity Info Services LLP. All rights reserved.