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

Cotton Prices Hold Steady in Maharashtra; Daily Arrivals Stable

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

New Delhi, May 16 (Commodities Control): Cotton prices remained stable in Maharashtra on Thursday, attributed to limited purchases from spinning mills, while the daily arrival of Kapas in the state's mandis maintained consistency.

Traders indicated that cotton prices in Maharashtra stabilized due to subdued sales from ginning mills at lower prices, as ginners procured Kapas from farmers at comparatively higher prices. This disparity in pricing has put ginning mills in a challenging position.

Additionally, both local and export demand for yarn is weaker than usual, leading spinning mills to procure cotton in limited quantities. Consequently, the possibility of significant price surges in the cotton spot market remains slim. Alongside Kapas, cottonseed prices also maintained stability in the state.

In the domestic futures market, cotton prices experienced an upward trend today. Kapas prices rose by Rs 5 to reach Rs 1,560 per 20 kg in the April-25 futures contract on NCDEX. Similarly, cotton prices in the May-24 futures contract on MCX increased by Rs 120 to Rs 56,100 per candy.

The arrival of Kapas in the state's producer markets today amounted to 17,000 bales, 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.