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

Cotton Prices Remain Unchanged in Madhya Pradesh Amid Increased Arrivals

25 Apr 2024 1:15 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, April 25 (Commodities Control): Cotton prices in Madhya Pradesh maintained stability for the third consecutive day on Thursday, attributed to limited demand from spinning mills, while a surge in daily arrivals of Kapas noted in the state's mandis.

Traders note that spinning mills in the state are currently procuring cotton only as per their immediate requirements, as recent declines in cotton prices on the global market have impacted the margins of cotton exporters. Consequently, demand for yarn in the domestic market has not seen the anticipated growth.

However, local ginning mills are also hesitant to lower cotton prices. As a result, the potential for significant fluctuations in cotton prices in the spot market remains limited. Similarly, prices of cottonseed, along with Kapas, have stabilized in the state.

In today's domestic futures market, cotton prices witnessed a downward trend. Kapas prices in the April-24 futures contract on NCDEX weakened by Rs 9.5 to Rs 1,446 per 20 kg.

The arrival of Kapas in the state's producing mandis reached 1,800 bales (one bale equals 170 kg), compared to 1,500 bales on the previous working day.




(By Commoditiescontrol Bureau: +91-9820130172)


       
  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
ZCE Cotton And Yarn Evening Closing - 24 JUNE 2024
ICE/ZCE Daily Rates Update ( Time: 20:25 ) - 24 JUNE 20...
India's Cotton Yarn Exports Decline in May 2024
Cotton Prices Stable in Andhra & Telangana Amid Limited...
Cotton Prices Surge in Maharashtra Amid Rise in Demand,...
more
Top 5 News
ZCE Cotton And Yarn Evening Closing - 24 JUNE 2024
DCE Oil Complex Evening Closing - 24 JUNE 2024
Small Cardamom Prices Continue Upward Trend Amid Reduce...
Clove Prices Remain Stable Across Markets
Pepper Prices Decline in Domestic and Vietnam Markets
Top 5 Special Reports
Weekly: ICE Sugar Return To Losses on Robust Brazilian ...
Weekly: Cotton Extends Week of Losses as Strength of Do...
US soybean net sales for June 7-13 at 556,500 MT, up 48...
US cotton net export sales for June 7-13 at 189,000 RB,...
Government Raises Kharif Crop MSPs for 2024-25, Enhanci...
Copyright © CC Commodity Info Services LLP. All rights reserved.