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

Cotton Prices Surge in Lower Rajasthan Amid Increased Procurement

4 May 2024 3:02 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 4 (Commodities Control): Cotton prices witnessed a notable rise in Lower Rajasthan on Saturday, attributed to improved procurement from spinning mills, while the daily arrival of Kapas in the state's mandis remained stable.

Traders highlighted that cotton prices had persisted at lower levels in the state over the past four days, leading to the price increase as spinning mills capitalized on the opportunity to procure cotton at reduced rates. Despite weaker-than-normal local demand for cotton yarn in the domestic market, a decline in cotton arrivals has prompted most ginning mills in the state to halt production. Consequently, the potential for further increases in cotton prices hinges upon an uptick in demand for cotton yarn. Kapas prices in the state saw a rise of Rs 50, while cottonseed prices remained stable.

Arrivals of Kapas in the mandis of Lower Rajasthan today remained consistent at 300 bales, with each bale weighing 170 kg, mirroring the arrival figures 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
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 - 18 JUNE 2024
ICE/ZCE Daily Rates Update ( Time: 20:18 ) - 18 JUNE 20...
Kapas Arrivals Reach 27,200 Bales Across Major Producin...
Cotton Arrival Up in Madhya Pradesh; Cotton Candy Price...
Cotton Prices in Karnataka Remain Stable; Daily Arrival...
more
Top 5 News
CBOT Wheat Futures Hit Two-Month Lows Amid U.S. Harvest...
Crude Oil Prices Edge Up Amid Geopolitical Tensions
Copper Prices Rise Amid Supply Concerns and Soft Dollar...
Market Snapshot MCX - NCDEX
Gold Holds Steady Amid Hopes of Imminent Fed Rate Cuts
Top 5 Special Reports
Weekly: ICE Sugar Futures Revived By ISO's Global Defic...
Weekly: Cotton Prices Slide for Third Consecutive Week ...
India Plans Boost in Arhar and Urad Dal Production to T...
US soybean net sales for May 31-June 6 at 377,100 MT, u...
US cotton net export sales for May 31-June 6 at 177,100...
Copyright © CC Commodity Info Services LLP. All rights reserved.