New Delhi, March 12 (Commodities Control): Cotton prices in Lower Rajasthan gained strength on Tuesday, fueled by increased purchasing from spinning mills. Daily cotton arrivals in the state's markets remained steady.
Favorable weather conditions in cotton-growing regions are supporting the market. Traders cite strong demand from both exporters and domestic yarn producers as primary drivers behind the price increase. Ginning mills, reluctant to sell at lower prices, are further contributing to expectations of a sustained upward trend for cotton in the domestic market.
While kapas prices saw a slight decrease of Rs 200, cottonseed prices held stable.
The cotton futures market reflected mixed signals. The April 24 Kapas futures contract on the NCDEX experienced a marginal decline of Rs 12 to Rs 1,637 per 20 kg. Conversely, the March 24 Cotton futures contract on the MCX exhibited a Rs 20 gain, closing at Rs 62,660 per candy.
Cotton arrivals in Lower Rajasthan markets remained unchanged from the previous day at 2,500 bales (1 bale = 170 kg).
(By Commoditiescontrol Bureau; +91-9820130172)
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