Login ID:
Partner Login
Contact Us : 7066511911

Cotton Market in in Maharashtra Maintain Stability Amid Limited Buying

10 May 2024 3:49 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 10 (Commodities Control): Cotton prices in Maharashtra stabilized on Friday as a result of limited purchases from spinning mills, while the daily arrival of Kapas in the state's mandis also remained unchanged.

Traders reported that despite an increase in cotton prices on Thursday, stability ensued due to reduced purchases from spinning mills in response to the increased prices. Experts noted that both the export demand for cotton and yarn remained weak, and ginners were reluctant to lower cotton prices. Consequently, the spot market may witness only marginal fluctuations in cotton prices. Alongside Kapas, cottonseed prices also remained stable in the state.

In the domestic futures market, cotton prices experienced a declining trend. Kapas prices in the April-25 futures contract on NCDEX weakened by Rs 1.5 to Rs 1,561 per 20 kg. Similarly, cotton prices in the May-24 futures contract on MCX decreased by Rs 120 to Rs 57,300 per candy.

The arrival of Kapas in the producer markets of Maharashtra today totaled 20,000 bales, a figure consistent with 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

   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.