Login ID:
Partner Login
Contact Us : 7066511911

Cotton Prices Stagnant in Madhya Pradesh; Daily Arrivals Stable

3 May 2024 1:35 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 3 (Commodities Control): Cotton prices remained unchanged in Madhya Pradesh on Friday, reflecting subdued demand from spinning mills, while daily arrivals of Kapas in the state's mandis remained stable.

Traders report that spinning mills in the state are adopting a cautious approach, purchasing cotton only as per immediate requirement, as both local and export demand for yarn has witnessed a decline compared to previous levels. This cautious procurement strategy is necessitated by the need to manage limited margins amidst challenging market conditions.

Meanwhile, ginners are hesitant to reduce prices, as they too find the current pricing unprofitable. Despite these factors, the trend of cotton prices in the domestic market continues to be influenced by ICE futures prices. Kapas and cottonseed prices remained stable in the state.

In the domestic futures market, cotton prices experienced a declining trend today. Kapas prices in April-25 futures contracts on NCDEX weakened by Rs 8 to Rs 1,573.5 per 20 kg. Similarly, cotton prices in May-24 futures contracts on MCX saw a decline of Rs 80 to Rs 57,200 per candy.

The arrival of Kapas in the producer markets of the state stood at 1,800 bales, with each bale weighing 170 kg, matching the arrivals 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

   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.