Login ID:
Partner Login
Contact Us : 7066511911

Cotton Prices Maintain Stability in Karnataka; Daily Arrivals Up

13 May 2024 3:33 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 13 (Commodities Control): Cotton prices in Karnataka remained stable for the third consecutive trading day on Monday due to limited demand from spinning mills, despite an increase in the daily arrivals of Kapas in the state's mandis.

Traders note that although cotton prices surged in the global market today, prices in Karnataka stayed stable as the profitability of cotton exports appears compromised. Additionally, weaker-than-normal local demand for cotton yarn has resulted in mills holding less cotton stock and more yarn. Kapas prices in the state saw a rise of Rs 100, while cottonseed prices increased by Rs 50.

In the domestic futures market, cotton prices displayed a mixed trend today. The April-25 futures contract for Kapas on NCDEX experienced a rise of Rs 10, reaching Rs 1,572 per 20 kg. However, during the same period, cotton prices in the May-24 futures contract on MCX weakened by Rs 260 to Rs 57,100 per candy.

On Monday, the arrival of Kapas in the state's mandis amounted to 2,000 bales, with each bale weighing 170 kg, marking an increase from the previous trading day's arrival of 1,000 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

   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.