Login ID:
Partner Login
Contact Us : 7066511911

Cotton Prices Hold Firm in Karnataka Amid Stable Daily Arrivals

30 Apr 2024 3:11 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, April 30 (Commodities Control): Cotton prices remained stable in Karnataka on Tuesday, marking the sixth consecutive working day of steadiness, due to subdued purchases from spinning mills, while daily arrivals of Kapas also maintained stability in the state's mandis.

Traders highlighted a decline in cotton prices in the foreign market today, leading to a stabilization in purchases by domestic mills. Consequently, cotton prices remained steady in the domestic market. Ginners are grappling with unprofitable price levels for cotton, primarily due to their procurement of Kapas from farmers at elevated prices.

Additionally, the Cotton Corporation of India (CCI) is vending cotton at high prices in the domestic market. Despite these factors, the trajectory of cotton prices in the domestic market will predominantly hinge on the movement of ICE cotton futures prices. Kapas prices in the state witnessed a modest rise of Rs 25, while cottonseed prices remained stable.

In the domestic futures market, cotton prices experienced a decline today. Prices in the May-24 futures contract on MCX weakened by Rs 660 to reach Rs 58,000 per candy.

On Tuesday, the arrival of cotton in the state's mandis totaled 2,000 bales, with each bale weighing 170 kg, matching the arrivals from 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.