Cotton Prices Show Mixed Trend in Telangana and Andhra

New Delhi, March 23 (Commodities Control): Cotton prices displayed a mixed trend in the markets of Telangana and Andhra Pradesh on Saturday, influenced by limited demand from spinning mills, while the daily arrival of Kapas remained stable in these states.

While cotton prices remained stable in Andhra Pradesh, they experienced a weakening trend in Telangana. Traders noted that many small mills in these states have relatively lower outstanding stocks of cotton, and the daily arrivals of cotton are anticipated to decrease further in the upcoming days. Consequently, mills are expected to increase their cotton procurement in April. Experts indicate that the Cotton Corporation of India (CCI) holds a stock of 29.46 lakh bales of cotton for the crop season 2023-24, with more than 75 percent of the stock located in Telangana and Andhra Pradesh. Notably, Kapas prices witnessed a Rs 100 decrease in Telangana.

Today, the daily arrival of Kapas in the mandis of Andhra Pradesh and Telangana totaled 6,000 bales, with 1,500 bales arriving in Telangana and 4,500 bales weighing one bale equivalent to 170 kg arriving in Andhra Pradesh. These figures remain consistent with the arrivals recorded on the previous trading day.





(CommoditiesControl Bureau; +91-9820130172)