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

Cotton Prices Stable in Karnataka Amid Ginning Mills Low Sales; Daily Arrivals High

3 May 2024 3:56 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 2 (Commodities Control): Cotton prices remained stagnant in Karnataka on Friday, reflecting subdued sales from ginning mills at lower prices, while an increase in daily arrivals of Kapas witnessed in the state's mandis.

Traders note that cotton prices in the state have been under pressure for the past two days, with ginning mills finding it unprofitable to operate at current price levels. Consequently, the reluctance of ginning mills to engage in significant sales has led to a stagnation in cotton prices in the domestic market. However, traders are cautious about anticipating a significant rise in prices, as recent weakness in foreign market prices has resulted in a decrease in export deals. Meanwhile, Kapas prices in the state saw a decline of Rs 25, while cottonseed prices remained stable.

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.

On Friday, the arrival of Kapas in the mandis of the state reached 2,000 bales, with each bale weighing 170 kg, compared to 1,500 bales 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
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.