Indore, October 8 (Commodities Control): The cotton market in Madhya Pradesh has reported a significant decline of 3,500 bales in the arrival of new Kapas at local mandis, leading to an uptick in prices. The current arrival figures now stand at 6,000 to 6,500 bales, each bale weighing 170 kg. This reduction has prompted Kapas prices to rise by Rs 100 to Rs 200 per quintal, reflecting increased demand.
The new Kapas prices during the auction were reported at Rs 4,100 (+100) to Rs 7,800 (+200) per quintal. Additionally, the demand for cottonseed has surged, causing its price to increase by Rs 150 to Rs 200 per quintal, with current quotes ranging from Rs 3,300 (+200) to Rs 3,550 (+150) depending on moisture content.
In contrast, prices for cotton candy have shown a decline due to moisture levels in the product. The following price movements were noted:
- New 70 RD cotton (10% moisture): Quoted at Rs 51,300 (-400) to Rs 51,500 (-500) per candy (1 candy = 356 kg).
- New 72 RD cotton: Prices remained stable at Rs 53,000 to Rs 53,500.
- New 73 RD cotton (10% moisture): Reduced by Rs 500 to Rs 300, currently quoted at Rs 53,200 (-500) to Rs 53,700 (-300).
Price Summary in Madhya Pradesh Markets:
- Kapas Prices:
- Kukshi: Rs 4,500 to Rs 6,150
- Anjad: Rs 4,320 to Rs 6,900
- Khetia: Rs 4,800 to Rs 7,500
- Dhamnod: Rs 4,211 to Rs 6,305
- Sendhwa: Rs 4,850 to Rs 6,420
- Khargone: Rs 4,800 to Rs 7,280
- Manawar: Rs 4,800 to Rs 6,300
- Khandwa: Rs 6,250 to Rs 7,202
- Barwah: Rs 3,597 to Rs 6,200
- Sanawad: Rs 5,200 to Rs 6,450
- Barwani: Rs 5,000 to Rs 5,100
- Bhikangaon: Rs 5,100 to Rs 5,200
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(By CommoditiesControl Bureau; +91-9820130172)
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