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Cotton softens in AP & Telangana on lower buying

28 Jun 2022 5:43 pm
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NEW DELHI, June 28 (Commoditiescontrol) - Cotton prices ruled weak in the mandis of Andhra Pradesh and Telangana even on Tuesday amid subdued buying from spinning mills, while daily arrivals stayed unchanged.

According to traders, the prices have come down as the mills of these states are buying cotton as per their requirement due to weak demand in yarn. Due to tight supply of cotton in the current season, most of the small mills in these states have stopped production, as well as the big ones are also cutting production. However, cotton is coming to the mandis of these states in limited quantity, and the quality of the fibre that is coming is very low. The arrival of new cotton crop in the mandis of these states will start only in September-October. In such a situation, limited variation is expected to remain in cotton prices right now.

The daily arrival of cotton in the mandis of Andhra Pradesh and Telangana was 250 bales (1 bale -170 kg) today, unchanged from a day before. Of the total arrivals, 100 bales arrived in Telangana and 150 bales in Andhra Pradesh mandis.

Cotton prices were between Rs 9,200 to 10,300 per quintal in Telangana mandis and Rs 9,500 to 10,989 per quintal in Andhra Pradesh mandis.

Cottonseed prices ranged from Rs 3,500 to Rs 3,850 per quintal in mandis of Telangana and Rs 3,400 to Rs 3,800 per quintal in mandis of Andhra Pradesh.

In Guntur mandi of Andhra Pradesh, 29/29.5plus mm RD 72/73 variety of cotton traded at Rs 90,000 to 93,000 per candy (candy-356 kg), while 29.5plus mm RD 75/78 variety cotton traded at Rs 94,000 to 95,000 per candy, depending on the quality.

In Adoni Mandi of the state, 29 plus mm RD 72/75 variety of cotton was traded at the rate of Rs 90,000 to 92,000 per candy (candy-356 kg).

In Warangal Mandi of Telangana, 29 plus mm RD 72/75 cotton traded at Rs 92,000 - 93,000 and 30 plus mm RD 72/75 variety cotton was trading at Rs 97,000 to 99,000 per candy.

In Adilabad Mandi, the price of RD 72/75 cotton of 29 plus mm variety was quoted at Rs 90,000 to 94,000 per candy.

In Bhainsa Mandi, the price of 29/29 plus MM variety of RD 72/75 cotton was quoted at Rs 90,000 to Rs 93,000 per candy.

SPOT COTTON COMPLEX PRICE IN ANDHRA PRADES/TELANGANA MARKET 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*
Telangana - Bhainsa 29.5mm (MIC 3.8-4.1) Rs/Candy 91500-93000 94000-95000 92250 94500 -2250 -2.44 148.43-150.86
Telangana - Bhainsa 29mm (MIC 3.5-3.8) Rs/Candy 90000-91500 93000-94000 90750 93500 -2750 -3.03 145.99-148.43
Telangana - Warangal (30mm) (MIC 3.7+) Rs/Candy 91500-93000 93000-95000 92250 94000 -1750 -1.90 148.43-150.86
Telangana - Warangal 29mm Rs/Candy 90000-91500 92000-93000 90750 92500 -1750 -1.93 145.99-148.43
AP - Guntur A Grade (29/29+mm) (MIC 4.2 -4.6) 90000-93000 88000-95000 91500 91500 0 0.00 145.99-150.86
USD / MT
AP Kapas Rs/100 KG 10000-10989 9500-10989 10495 10245 250 2.38 1271.78-1397.56
Telangana Kapas Rs/100 KG 9200-10300 9500-10600 9750 10050 -300 -3.08 1170.04-1309.93
AP Seed Rs/100 KG 3400-3800 3500-3800 3600 3650 -50 -1.39 432.4-483.28
Telangana Seed Rs/100 KG 3500-3850 3500-3950 3675 3725 -50 -1.36 445.12-489.63
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 Commoditiescontrol Bureau: +91-22-40015505)


       
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