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

Cotton Prices Stable in Andhra & Telangana Amid Limited Spinning Mill Demand

18 May 2024 4:14 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 18 (Commodities Control): Cotton prices in the markets of Andhra Pradesh and Telangana remained stable for the third consecutive day on Saturday, driven by limited demand from spinning mills. The daily arrivals of Kapas in these states also remained steady.

Weather conditions in the cotton-growing regions of Andhra Pradesh and Telangana have been clear. Traders report that the recent decline in global cotton prices has made cotton exports from the domestic market unprofitable. Additionally, local demand for yarn has weakened, leading spinning mills in these states to purchase cotton only as needed. This cautious purchasing behavior has kept cotton prices stable in the spot market.

The total arrival of cotton in Andhra Pradesh and Telangana was 2,500 bales. Specifically, Andhra Pradesh recorded an arrival of 2,000 bales, while Telangana saw an arrival of 500 bales. These figures are consistent with the previous trading day's arrivals.




(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.