Login ID:
Partner Login
Contact Us : 7066511911

Stability in Cotton Prices Persist in Lower Rajasthan; Daily Arrival Steady

20 May 2024 1:30 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, May 20 (Commodities Control): Cotton prices remained stable in Lower Rajasthan for the fourth consecutive trading on Monday, attributed to limited demand from spinning mills. The daily arrival of Kapas in the state's mandis also held steady.

According to traders, the spinning mills in Lower Rajasthan are exercising caution, purchasing only minimal quantities of cotton to avoid taking on additional risk. This conservative approach stems from the recent global decline in cotton prices, which has exerted downward pressure on the domestic market. Consequently, demand for cotton and cotton yarn in the domestic market has been adversely affected.

Despite the current price stability, ginning mills in Lower Rajasthan are struggling to achieve profitability at these levels. However, with a weak customer base, there appears to be little prospect for a rise in cotton prices in the near term. Cottonseed prices have also stabilized alongside Kapas prices.

The arrival of Kapas in Lower Rajasthan's mandis today was reported at 200 bales, each weighing 170 kg, consistent with the arrival 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

   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,...
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.