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

Cotton Market Remains Stable in Gujarat Amid Low Spinning Mill Demand

9 Sep 2024 2:09 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Ahmedabad, September 9 (CommoditiesControl): The cotton market in Gujarat has shown stability today, with prices holding steady at Rs 60,000 per candy. This price stability is attributed to the currently subdued demand from spinning mills across the state. Traders report that there is no significant increase in purchasing activity, with many market participants adopting a wait-and-see approach as they anticipate the arrival of new cotton.

The volume of new Kapas arriving in Gujarat remains low, but there is optimism that arrivals will pick up post-September 15, especially if favorable weather conditions persist. Market discussions suggest that a noticeable arrival of new Kapas may commence following Navratri festivities.

Today’s trading saw new Kapas arrivals in Rajkot and Upleta Mandi of Saurashtra. At Upleta, new Kapas was traded at Rs 3,333 per 20 kg, with arrival quantities around 150 kg.

Current price levels for cotton in the state are as follows:
- 29mm cotton: Rs 59,500-60,200 per candy, each candy weighing 356 kg.
- 28.5mm cotton: Rs 58,500-59,000 per candy
- V 797 variety: Rs 43,500-44,000 per candy

The average price for Kapas stands between Rs 1,450-1,600 per maund, each maund weighing 20 kg. The state saw an arrival of approximately 1,500 bales of cotton today, with each bale weighing 170 kg.




(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
Mustard complex sees bullish tone despite high arrivals...
Kandla Edible Oil Port Rates (Evening) Oct 04
COCONUT PRICES : 04 Oct 2024
OIL SPOT PRICES : 04-OCT-2024
Castor Seed Prices Dip in Gujarat; Futures Market Press...
more
Top 5 News
Weekly Pulses Price Report - 03 Oct 2024
Market Wise Chana Arrivals: Supply Down By -1.25% Agai...
Gujarat Sugar Prices -04 OCT 2024
Bihar Sugar Prices -04 OCT 2024
Uttarakhand Sugar Prices -04 OCT 2024
Top 5 Special Reports
Farmers in Madhya Pradesh Demand Relief as Soybean Crop...
U.S. Cotton Sales See Weekly Uptick, Exports Rise 35%
Weekly Decline in Soybean Cake and Meal Sales; Soybean ...
Guargum (NCDEX) vs. Guarseed (NCDEX) - Ratio Chart Anal...
Sugar Futures Hold Weekly Gains Despite Friday Pullback...
Copyright © CC Commodity Info Services LLP. All rights reserved.