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Cotton Extends Gains In Lower Rajasthan

9 Dec 2019 2:24 pm
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MUMBAI (Commoditiescontrol) - Cotton prices moved higher by Rs 100 per candy at major markets in lower Rajasthan on Monday, extending their gains for a second straight day, following an uptrend in other north Indian markets.

Arrivals today stood at 7,000 bales, up 1,000 bales from Saturday.

According to traders, the impact of an uptrend in Punjab, Haryana and Upper Rajasthan is also visible in Lower Rajasthan. However, at current prices, demand from mills is slightly lower. But, purchases from the Cotton Corporation of India continued to remain firm.

The price of 28-29.5MM cotton in Marwar offered at Rs 37,200-38,900/candy. 27-28MM in Mewar also ruled at Rs 37,200-38,900/candy. While the price of 29-29.5MM in Alwar was at Rs 38,200-38,900/maund.

Kapas here traded at Rs 4,800-5,500 per quintal, while cotton seed quoted at Rs 2,500-2,600/quintal.

SPOT COTTON PRICE IN LOWER RAJASTHAN
MARKET/VARIETY UNIT 9-Dec 7-Dec AVERAGE %Change US cent/lb
9-Dec 7-Dec ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29.5 mm (MIC 3.8-4.00) Rs/Candy 37200-38900 37100-38800 38050 37950 100 0.3 66.73-69.77
Lower Rajasthan-Mewad Line 27-28mm (MIC 3.00-3.8) Rs/Candy 37200-38900 37100-38800 38050 37950 100 0.3 66.73-69.77
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 38200-38900 38100-38800 38550 38450 100 0.3 68.53-69.77
Note: USD/INR= Rs 71.12
Note: 1 candy = 356kg | 1 maund = 37.3kg | 1 Bales= 170 kg
*Average Change is the difference between average price of current date vs previous date

       
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