login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Andhra and Telangana Witness Mixed Trends in Cotton Prices; Daily Arrivals Steady

22 Apr 2024 1:44 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, April 22 (Commodities Control): Cotton markets in Andhra Pradesh and Telangana displayed a mixed trend for the fourth consecutive trading day on Monday, with prices being influenced by limited demand from spinning mills, while daily arrivals of Kapas remain stagnant.

In Andhra Pradesh, cotton prices remained stable, while prices saw an uptick in Telangana. Traders note that spinning mills in these states are currently procuring cotton only as per their immediate requirements, especially following a slowdown in cotton prices in the global market last week.

Consequently, the relative stability in cotton prices in these states compared to the global market has rendered export deals unprofitable. Experts suggest that if prices continue to rise in the international market, cotton prices in Andhra Pradesh and Telangana may also witness an increase. Additionally, the Cotton Corporation of India (CCI) holds a significant outstanding stock of cotton in these states.

In the domestic futures market, cotton prices remained bullish today. On NCDEX, the price of Kapas in the April-24 futures contract rose by Rs 14 to Rs 1,445 per 20 kg. Similarly, on MCX, the price of cotton surged by Rs 940 to Rs 58,900 per candy in the May-24 futures contract.

Cotton arrivals in these states amounted to 3,000 bales. Today, the daily arrival of Kapas in the mandis of Andhra Pradesh totaled 2,500 bales, while Telangana recorded an arrival of 500 bales. These figures match with the previous trading day's arrivals in both states.






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


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   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 :  
   

Post Comment  

Latest Market Commentary
ICE/ZCE Daily Rates Update ( Time: 20:13 ) - 21 MAY 20...
Major Producing States Receive 37,900 Cotton Bales
Cotton Prices Stable in Karnataka; Daily Arrivals Decre...
Cotton Prices Hold Steady in Andhra & Telangana; Daily ...
Cotton Prices Stable in Maharashtra Amid Limited Demand...
more
Top 5 News
Market Wise Urad Arrivals: Supply Down By -32.95% Again...
Market Wise Tur Arrivals: Supply Down By -12.63% Agains...
Small Cardamom Prices Surge as Arrival Tops 1.0 Lakh kg...
Market Wise Moong Arrivals: Supply Down By -8.66% Again...
Clove Prices Remain Stable Amid Strong Demand in Key Ma...
Top 5 Special Reports
Sunflower Refined Oil (AP) Inflection Point: Trading N...
Black Matpe (Urad) SQ Chennai Trending Higher / Next R...
Weekly: ICE sugar futures under pressure as Brazilian p...
Weekly: ICE cotton prices maintain weak stance amid slo...
Jaipur Mustard Seed Signs of a Bullish Reversal / Next...
Copyright © CC Commodity Info Services LLP. All rights reserved.