Login ID:
Partner Login
Contact Us : 7066511911

Cotton Prices in Karnataka Remain Stable; Daily Arrivals Up

18 Jun 2024 3:08 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, June 18 (Commodities Control): Cotton prices remained stable in Karnataka on Tuesday for the 11th consecutive trading day due to limited sales by ginning mills. Meanwhile, daily arrivals of Kapas in the state's mandis have increased.

The weather remains cloudy over the cotton-producing areas of the state. According to traders, ginning mills are not reducing prices for their cotton sales, as they have purchased cotton from farmers at high prices.

Consequently, cotton prices have remained stable in the spot market. The demand for cotton yarn, both locally and for export, is weaker than usual, prompting mills to purchase cotton only as needed. This has led to a stable price outlook for cotton in the near term. Additionally, prices for Kapas and cottonseed have also stabilized.

In the domestic futures market, cotton prices showed a downward trend today. The April-25 futures contract on the NCDEX saw Kapas prices weaken by Rs 6, settling at Rs 1,566 per 20 kg. Similarly, the July-24 futures contract on the MCX saw cotton prices decline by Rs 100, settling at Rs 56,000 per candy.

On Tuesday, the arrival of Kapas in the state's mandis increased to 2,000 bales, with each bale weighing 170 kg, compared to 1,000 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

   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.