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

Cotton Prices Decline in Lower Rajasthan Amid Reduced Demand, Daily Arrivals Stable

11 May 2024 1:56 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 11 (Commodities Control): Cotton prices witnessed a decline in Lower Rajasthan on Saturday, primarily due to reduced demand from spinning mills, while the daily arrival of Kapas remained unchanged in the state's mandis.

Traders note that spinning mills in the region are presently procuring cotton only as per immediate requirements, given the stagnant local and export demand for yarn, which has failed to meet expectations. Additionally, recent declines in margins for cotton exporters have added to the subdued market sentiment.

Consequently, cotton prices have softened in the spot market. Compounding this trend, most ginning mills in the state have suspended production, leading to a buildup of substantial cotton stock. Cotton prices in the state weakened by Rs 50, while cottonseed prices remained stable.

Today, the arrival of Kapas in the mandis of Lower Rajasthan stood at 200 bales, with each bale weighing 170 kg, matching the 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 - 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.