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

Cotton Prices Stable in Gujarat Amid Limited Sales by Ginners

17 May 2024 2:04 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 17 (Commodities Control): Cotton prices remained stable in Gujarat on Friday due to reduced sales from ginning mills at lower prices, while a decline in daily arrivals of Kapas was observed in the state's mandis.

Traders report that cotton prices had been depressed for the past two days, causing a disparity for ginning mills due to the reduced prices. To mitigate losses, ginning mills have limited their sales at these lower prices, resulting in stabilized cotton prices. However, a significant rise in cotton prices is not anticipated at this time, as spinning mills in the state are purchasing only as needed. Additionally, there is still a considerable stock of Kapas with farmers, with daily arrivals expected to continue until mid-June. Alongside Kapas, cottonseed prices also stabilized in the state.

The domestic futures market showed an upward trend today. Kapas prices in the April-25 futures contract on NCDEX increased by Rs 3 to Rs 1,569.5 per 20 kg. Similarly, cotton prices in the May-24 futures contract on MCX rose by Rs 20, reaching Rs 56,100 per candy.

In the producer markets of Gujarat, the arrival of Kapas was recorded at 7,000 bales (each bale weighing 170 kg), down from 8,000 bales on 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
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
Copper Prices Rise Amid Supply Concerns and Soft Dollar...
Market Snapshot MCX - NCDEX
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.