Login ID:
Partner Login
Contact Us : 7066511911

Cotton Prices Stable in Andhra & Telangana on Spinning Mills Limited Demand

14 May 2024 2:24 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 14 (Commodities Control): Cotton prices continued to hold steady in the markets of Andhra Pradesh and Telangana for the 9th consecutive trading day on Tuesday, driven by limited demand from spinning mills. Additionally, the daily arrival of Kapas remained unchanged.

Traders noted a recent downturn in cotton prices in the global market, leading to unprofitable prospects for exporting cotton and yarn from the domestic market. Consequently, spinning mills in these states are procuring cotton only as per their immediate requirements. As a result, cotton prices have maintained stability in the spot market. Experts suggest that the Cotton Corporation of India (CCI) is consistently selling cotton in the domestic market, albeit at higher prices compared to the spot market.

In the domestic futures market, a declining trend was observed in cotton prices today. Kapas prices in the April-25 futures contract on the NCDEX weakened by Rs 7.5 to Rs 1,562 per 20 kg.

The total arrival of cotton in these states amounted to 2,500 bales. Today, the daily arrival of Kapas in the mandis of Andhra Pradesh was 2,000 bales, while in Telangana, it stood at 550 bales. Comparatively, the arrival of Kapas in these states on the previous trading day was also 2,000 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
ICE Cotton Futures Rebound as Traders Cover Shorts Ahea...
ZCE Cotton And Yarn Evening Closing - 18 JUNE 2024
ICE/ZCE Daily Rates Update ( Time: 20:18 ) - 18 JUNE 20...
Cotton Arrival Up in Madhya Pradesh; Cotton Candy Price...
Cotton Prices in Karnataka Remain Stable; Daily Arrival...
Top 5 News
Battery Metal 18 Jun 2024
Minor Metals 18 Jun 2024
NCDEX Stock position of commodities at NCCL approved wa...
CBOT Soyoil Prices Climb Amid Tightened US Stocks and R...
Global equity/currency market update: Asian Shares Reac...
Top 5 Special Reports
Weekly: ICE Sugar Futures Revived By ISO's Global Defic...
Weekly: Cotton Prices Slide for Third Consecutive Week ...
India Plans Boost in Arhar and Urad Dal Production to T...
US soybean net sales for May 31-June 6 at 377,100 MT, u...
US cotton net export sales for May 31-June 6 at 177,100...
Copyright © CC Commodity Info Services LLP. All rights reserved.