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Cotton gains further in Lower Rajasthan on continued demand

28 Jun 2022 5:00 pm
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NEW DELHI, June 28 (Commoditiescontrol) - Cotton prices gained further in the mandis of lower Rajasthan on Tuesday amid continued buying from mills, while no arrivals were reported today.

According to traders, only a limited quantity of balance stock of cotton is left with the mills of the state, while the arrival of the new crop will start only in September-October. As production of cotton has been etimated lower for the current season, the ginners are also not selling the bales by reducing the price. Therefore, there is little chance of a major fall in the current prices. According to the India Meteorological Department (IMD), during June 1 to June 27, East Rajasthan has received 10 percent less rainfall than normal. According to the state Directorate of Agriculture, till June 21, cotton has been sown in 5.21 lakh hectares in the state, which is less than 5.28 lakh hectares in the same period last year. The Directorate of Agriculture had set a target of sowing cotton in 8 lakh hectares in the current kharif season.

A mixed trend was seen in cotton and kapas prices in the domestic futures market today afternoon with April'23 futures contract of kapas on the NCDEX edged lower by 0.90 percent. While the July month cotton contract on the MCX climbed by Rs 410 at Rs 41,920 per bale (1 bale -170 kg).

In Alwar, Khairthal and Behror lines of the state, the price of 28.5 mm cotton was at Rs 87,000- 88,000 per candy (one candy - 356 kg).

In Mewar/Vijaynagar line, the price of 28 mm cotton was Rs 64,000 to Rs 66,000 per candy.

Cotton prices in Marwar line ranged from Rs 80,000 to Rs 82,000 per candy.

Cotton prices in Beawar line ranged from Rs 80,000 to Rs 82,000 per candy.

Cottonseed prices ranged from Rs 3,700 to Rs 3,800 per quintal in the state's mandis.

COTLOOK A INDEX 144.3 ICE COTTON OCT22 103.24
MARKET/VARIETY UNIT 28-Jun-2022 27-Jun-2022 AVERAGE %Change US cent/lb
28-Jun 27-Jun ABS CHANGE*
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 87000-88000 86000-87000 87500 86500 1000 1.14 141.13-142.75
Lower Rajasthan-Mewad Line 28-29mm (MIC 3.0-3.8) Rs/Candy 64000-66000 63000-65000 65000 64000 1000 1.54 103.82-107.06
Lower Rajasthan-Marwad Line 28-29 mm (MIC 3.0-3.8) Rs/Candy 80000-82000 80000-82000 81000 81000 0 0.00 129.77-133.02
Lower Rajasthan Beawar line 28.5mm (Mic 3.8-4.0) Rs/Candy 80000-82000 80000-82000 81000 81000 0 0.00 129.77-133.02
USD / MT
Lower Rajasthan Kapas Rs/100 KG 8000-11000 8000-11000 9500 9500 0 0.00 1017.42-1398.96
Lower Rajasthan Seed Rs/100 KG 3700-3800 3700-3800 3750 3750 0 0.00 470.56-483.28
Note : USD / INR 78.63
Note: 1 candy = 355.62 kg | 1 maund = 37.3kg
*Average Change is the difference between average price of current date vs previous date


(By Commoditiesontrol Bureau: +91-22-40015505)


       
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