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

Cotton Prices Remain Stable in Maharashtra; Daily Arrivals Surge

7 May 2024 1:26 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 7 (Commodities Control): Cotton prices retained stability in Maharashtra for the second consecutive day on Tuesday, reflecting restrained purchases from spinning mills, while witnessing a surge in daily arrivals of Kapas in the state mandis.

Traders noted that both export and local demand for cotton and yarn are weaker than usual, prompting spinning mills in the state to procure cotton only as needed. Consequently, cotton prices remained steady in the spot market for the second day in a row. However, ginning mills in the state are also grappling with profitability concerns at the current cotton prices, leading to a decline in sales. As a result, expectations for cotton prices in the spot market remain cautiously balanced. Concurrently, Kapas and cottonseed prices remained stable in the state.

In the domestic futures market, a declining trend was observed in cotton prices today, with Kapas prices in April-25 futures contracts on NCDEX witnessing a drop of Rs 8.5 to Rs 1,574 per 20 kg.

The arrival of Kapas in the state's producer markets today reached 20,000 bales, up from 18,000 bales recorded 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.