Cotton Prices Stable in Karnataka; Daily Arrivals Steady

New Delhi, September 11 (Commodities Control): Cotton prices in Karnataka remained stable on Wednesday due to limited purchases by spinning mills, with daily arrivals of Kapas also maintaining stability.

Traders noted that cotton prices in Karnataka have held steady because spinning mills are currently buying only as needed. Despite this, cotton prices have risen in ICE's electronic trading, leading to reduced selling activity among ginners in the domestic market. This trend suggests that cotton prices may see an uptick in the spot market in the near future. Cottonseed prices, along with Kapas, have also stabilized in the state.

In the domestic futures market, cotton prices exhibited a bullish trend today. The April 2025 Kapas futures contract on NCDEX increased by Rs 1, reaching Rs 1,625 per 20 kg. Similarly, the July 2024 cotton futures contract on MCX rose by Rs 380, settling at Rs 58,700 per candy (1 candy = 356 kg).

Today, the arrival of cotton in Karnataka's mandis was recorded at 500 bales, with one bale equaling 170 kg. This arrival figure remained consistent with the previous trading day's numbers.




(By CommoditiesControl Bureau; +91-9820130172)