New Delhi, November 9 (Commodities Control): Cotton prices in Karnataka remained stable for the sixth consecutive day on Saturday, with limited demand from spinning mills and steady daily arrivals of Kapas in the state’s markets.
Traders report that cotton prices have been stable throughout the week due to weaker-than-usual local yarn demand. An increase in Kapas arrivals is expected across major producing states in the coming days, including a higher volume of dry goods.
The Cotton Corporation of India (CCI) has started purchasing Kapas, but with high-moisture content affecting quality, their buying has been selective. Consequently, only limited fluctuations are anticipated in cotton prices in the near term. Cottonseed prices have also remained stable in Karnataka.
Kapas arrivals in Karnataka's mandis totaled 18,000 bales today, with each bale weighing 170 kg, consistent with the previous trading day’s arrivals.
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(By CommoditiesControl Bureau; +91-9820130172)
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