Login ID:
Partner Login
Contact Us : 7066511911

Increased Demand Boosts Cotton Prices in Maharashtra, Daily Arrivals Surge

29 Apr 2024 3:42 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, April 29 (Commodities Control): Cotton prices experienced a notable uptick in Maharashtra's markets on Monday, driven by increased demand from spinning mills. Concurrently, the daily arrival of Kapas surged in the state's mandis.

The uptrend in cotton prices can be attributed to an uptick in purchases from Maharashtra's spinning mills, influenced by the rise in prices in the electronic trading of ICE cotton futures. Traders anticipate a potential surge in export demand from the domestic market if cotton prices continue to ascend in the foreign market, potentially leading to further price improvements. Notably, Kapas prices in the state witnessed a rise of Rs 300, while cottonseed prices saw an increase of Rs 100.

In the domestic futures market, cotton prices displayed an upward trajectory today. In the April-24 futures contract on NCDEX, Kapas prices surged by Rs 9 to reach Rs 1,455 per 20 kg. Similarly, cotton prices in the May-24 futures contract on MCX witnessed a notable increase of Rs 460, reaching Rs 58,800 per candy.

Today, the arrival of Kapas in the producer markets of the state reached 20,000 bales, marking a significant increase from the 15,000 bales reported on the previous trading 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

   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,...
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.