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

Cotton Markets Remain Stable in Andhra & Telangana Amid Sluggish Demand

25 Apr 2024 3:20 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
New Delhi, April 25 (Commodities Control): Cotton markets in Andhra Pradesh and Telangana witnessed another day of stability on Thursday, with prices holding steady for the second consecutive day. The subdued demand from spinning mills coupled with consistent daily arrivals noted in the mandis.

Traders noted that recent declines in cotton prices in the international market have led to a reduction in cotton exports, prompting spinning mills in these states to procure cotton only as needed. Consequently, spot market prices remained unchanged for the second consecutive day. The Cotton Corporation of India (CCI) holds ample stock in these states and is selling cotton at relatively higher prices, mitigating the possibility of significant price fluctuations in the spot market.

In the domestic futures market, cotton prices experienced a decline. On the National Commodity and Derivatives Exchange (NCDEX), the price of Kapas in the April-24 futures contract weakened by Rs 0.5 to Rs 1,455 per 20 kg. Similarly, on the Multi Commodity Exchange (MCX), the price of cotton decreased by Rs 260 to Rs 58,400 per candy in the May-24 futures contract.

Cotton arrivals in Andhra Pradesh and Telangana totaled 3,000 bales, with Andhra Pradesh seeing 2,500 bales and Telangana 500 bales. These figures match with the previous trading day's arrivals.





(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.