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

Cotton Prices Decline in Lower Rajasthan; Daily Arrivals Stable

15 May 2024 3:24 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 15 (Commodities Control): Cotton prices in Lower Rajasthan witnessed a softening trend on Wednesday, attributed to reduced purchases from spinning mills, while the daily arrival of Kapas in the state's mandis remained stable.

Traders noted that cotton prices softened due to weakened purchases from spinning mills in the domestic market. The sluggishness in the local yarn industry has impacted the demand for cotton. Despite this, ginning mills have been facing losses amidst current cotton prices, as ginners had procured Kapas from farmers at higher rates. Despite stable cottonseed prices in the state, there may persist pressure on cotton prices in the domestic market.

A declining trend was also observed in cotton prices in the domestic futures market today. Kapas prices in the April-25 futures contract on NCDEX weakened by Rs 8.5, settling at Rs 1,553.5 per 20 kg. Similarly, cotton prices in the May-24 futures contract on MCX saw a decline of Rs 680, reaching Rs 55,920 per candy.

The arrival of Kapas in the mandis of Lower Rajasthan today amounted to 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
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...
more
Top 5 News
Global equity/currency market update: Asian Shares Reac...
Rising Brazilian Sugar Production Pressures Global Pric...
ICE Cotton Futures Rebound as Traders Cover Shorts Ahea...
CBOT Wheat Futures Hit Two-Month Lows Amid U.S. Harvest...
Crude Oil Prices Edge Up Amid Geopolitical Tensions
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.