Login ID:
Partner Login
Contact Us : 7066511911

Cotton Prices Steady To Down In Central India

15 Jan 2020 1:07 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
MUMBAI (Commoditiescontrol) - Cotton prices ruled steady to down in Central India on Wednesday amid limited trading activities.

South Indian markets remained closed for Pongal and Makar Sankranti.

Prices remained steady in Gujarat amid sluggish trade due to Makar Sankranti, while moved lower in Maharashtra and Madhya Pradesh due to the decline in demand from the mills as well as exporters at existing higher prices and tracking weakness in the global market.

Arrivals today stood at 40,000 bales in Gujarat, 50,000 bales in Maharashtra and 7,000 bales in Madhya Pradesh.

According to traders, trading was sluggish today in Central India due to Makar Sankranti. Furthermore, exporters have also retrained themselves amid selling in the global market.

Globally, ICE March cotton closed at 71.38, down15 points on Tuesday as the market is awaiting signing of a US-China Phase 1 trade deal later in the day that could reopen China's giant market to US grain and farm product exports.

There is an understanding that China will purchase massive amounts of US goods and services. However, there is conflicting news that indicates, even after the signing, the US will maintain its tariffs for a 90-day period for compliance reasons.

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
Cotton Gains Further In North India On Mills' Demand
Cotton Complex – Cotton No. 2 (COT) – Tightening-up Sho...
ICE Cotton Rises As Mkt Weighs Possibility Of China’s E...
India's 2019-20 Daily Cotton Arrivals Up 53.1% Y/Y At 1...
Cotton Prices Up In Lower Rajasthan
Top 5 News
Cotton Gains Further In North India On Mills' Demand
Tanzania Chana Weakens In Mumbai
India Issues Import Licenses For 1.1 Million Tonnes Of ...
LME – Warehouse Stock Movements - 20th February
Malaysia Rubber Physical Prices (Sen/Kg) – 20 February ...
Top 5 Special Reports
Higher Prices Deteriorate Palm Oil Demand In India; Edi...
USD/INR (Feb. ’20) – Neutral Stance: Prices Consolidati...
Chana Indore (Kabuli 42-44 Count Spot) - Bearish Price ...
Mumbai Lentil (Masoor) - Pullback Extends Further / Nex...
Kolkata Pea(Matar)-May Decline Further Towards Channel ...
Copyright © CC Commodity Info Services LLP. All rights reserved.