Cotton Prices Stable in Karnataka as Demand Remains Limited

New Delhi, November 5 (Commodities Control): Cotton prices remained stable in Karnataka for the second day on Tuesday, due to limited purchasing by spinning mills and a slight decrease in Kapas (raw cotton) arrivals.

Traders attribute the stable prices to a recent decline in global cotton markets, prompting local mills to purchase conservatively. The Cotton Corporation of India (CCI) is actively selling cotton in the domestic market, and Kapas arrivals are expected to increase by the end of the month, reducing the likelihood of a significant price surge. Cottonseed prices in the state also held steady.

In domestic futures, cotton prices declined slightly. The April-25 NCDEX Kapas futures weakened by ₹6.5 to ₹1,543.5 per 20 kg, while the November-24 MCX cotton futures dropped by ₹340 to ₹55,500 per candy.

Today's Kapas arrivals in Karnataka totaled 18,000 bales (170 kg each), down from 20,000 bales on the previous trading day.



(By CommoditiesControl Bureau; +91-9820130172)