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

Stability in Gujarat Cotton Market; Pressing Up by 14% in April Compared to Last Year

8 May 2024 12:41 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
Ahmedabad, May 8 (Commoditiescontrol): The cotton market in Gujarat maintained its stability today, with prices remaining steady amid a lack of purchases from spinning mills. Conversely, the price of Kapas saw an improvement of Rs 10-15 per 20 kg, attributed to demand from ginners.

Data from the Gujkot Trade Association reveals a notable increase in pressing activity, with a total of 74.49 lakh (2.27 lakh Kalyan) bales pressed in April. This marks a significant rise from the 68.02 lakh bales pressed in March and a substantial 14% increase compared to the 64.84 lakh bales pressed in April last year. The Saurashtra Ginners Association reported that 48.92 lakh bales have been pressed in Saurashtra alone.

In today's market, the price of 29mm cotton stood at Rs 57000-57300 per candy, while 28.5 mm cotton was priced at Rs 56300-56600 per candy, and V797 at Rs 36500-36800 per candy. The average price of Kapas ranged between Rs 1300-1520 per maund. Around 10,000 bales of cotton arrived in the state today.

According to the Cotton Association of India, the country has received a total of 280.16 lakh bales so far, with Gujarat alone accounting for 74.28 lakh bales.




(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.