Login ID:
Partner Login
Contact Us : 7066511911

Cotton Prices Stable in Lower Rajasthan; Daily Arrivals Stagnant

7 May 2024 1:17 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
New Delhi, May 7 (Commodities Control): Cotton prices maintained stability for the second consecutive day in Lower Rajasthan on Tuesday, attributed to limited purchases from spinning mills, while the daily arrival of Kapas in the state's mandis remained consistent.

Traders reported that spinning mills in the state are currently procuring cotton only as needed. This cautious approach stems from weaker-than-usual local demand for cotton yarn and a decrease in export deals over the past month. Consequently, cotton prices have remained steady in the spot market.

However, a notable observation is the cessation of production in most ginning mills across the state, as operating at the current price point doesn't appear financially viable. Consequently, cotton sales are also sluggish. Both Kapas and cottonseed prices have stabilized in the state amidst this scenario.

In the domestic futures market, a declining trend was witnessed in cotton prices today. Kapas prices in April-25 futures contracts on NCDEX experienced a dip of Rs 5.5 to Rs 1,577 per 20 kg.

The arrival of Kapas in Lower Rajasthan's mandis today amounted to 300 bales, with each bale weighing 170 kg, matching the previous trading day's arrival.

(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.