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

Cotton prices recorded a decline in Maharashtra; daily arrivals stable

15 May 2024 3:30 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 15 (Commodities Control): Cotton prices weakened in Maharashtra mandis on Wednesday due to reduced purchases from spinning mills, while daily arrivals of Kapas in the state mandis remained stable.

According to traders, cotton prices have weakened due to decrease in purchases from the state's spinning mills, because on one hand, cotton prices remain weak in the world market. Secondly, local and export demand for yarn is weaker than normal, due to which spinning mills are purchasing only as per requirement. According to experts, improvement in cotton prices in the domestic market will come only when local demand for yarn increases. Kapas prices in the state weakened by Rs 100, while cottonseed prices also declined by Rs 100.

There was a declining trend in cotton prices in the domestic futures market today. Kapas prices in April-25 futures contract on NCDEX weakened by Rs 5 to Rs 1,557 per 20 kg. During this period, cotton prices in May-24 futures contract on MCX weakened by Rs 700 to Rs 55,900 per candy.

Today, the arrival of Kapas in the producer markets of the state was 17,000 bales, whereas the arrival on the previous trading day was the same number of 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
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.