Login ID:
Password:
Partner Login
Contact Us : 7066511911

Cotton Prices Firm In North India On Increased Demand

8 Nov 2019 2:02 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - Cotton prices moved higher by Rs 15-23 per maund at major markets in North India on Friday amid procurement by the CCI and demand from mills as well.

According to traders, the procurment from Cotton Corporation of India is also gaining momentum in Haryana. At the same time, most farmers in Punjab are interested in selling their produce to CCI. Farmers are currently getting less than the support price in the mandis. Furthermore, the demand of mills also remains strong.

A total of 24,000 bales of cotton today arrived in North India, including 3,000 bales in Punjab and 12,000 bales in Haryana and 9,000 bales in upper Rajasthan. Arrivals were at 29,000 bales on Thursday.

The price of 28+MM cotton in Punjab and 28MM cotton in Haryana quoted at Rs 3,855-3,890/maund and Rs 3,860-3,880 per maund, respectively. While in upper Rajasthan 28MM cotton prices were at Rs 3,900 per maund.

Average price of kapas in North India was at Rs 5,150-5,200/quintal. While cotton seed quoted at Rs 3,070-3,100/quintal.
 

SPOT COTTON PRICES IN MAJOR NORTH INDIAN MARKETS
MARKET/VARIETY UNIT 8-Nov 7-Nov AVERAGE % Change US cent/lb
8-Nov 7-Nov ABS CHANGE*
Punjab J-34 (RG) 27-28.5MM (MIC 4.00-4.7) Rs/maund 3855-3890 3840-3860 3,873 3,850 23 0.6 65.76-66.35
Haryana J-34 (RG) 27-28 (MIC 4+) Rs/maund 3860-3880 3840-3860 3,870 3,850 20 0.5 65.84-66.18
Rajasthan J-34 (RG) 26.5-28mm (MIC 4.00-4.5) Rs/maund 3900-3900 3885-3885 3,900 3,885 15 0.4 66.53-66.53
Note: USD/INR= Rs 71.25
Note: 1 maund = 37.3kg |*Average Change is the difference between average price of current date vs previous date
 

       
  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 :  
   

Top | Post Comment  

Latest Market Commentary
Cotton Prices Head Higher In North India
Cotton Cracks Rs 400 In Lower Rajasthan
Gujarat: Cotton Prices Drop Rs 100 Amid Negligible Dema...
M.P Cotton Steady Amid Dull trading Session
Cotton Prices In Maharashtra Reported Steady Amid Festi...
more
Top 5 News
SEA Hopes For Hike In Import Duties As Oil Pact with Ma...
Cotton Prices Head Higher In North India
Cotton Cracks Rs 400 In Lower Rajasthan
Gujarat: Cotton Prices Drop Rs 100 Amid Negligible Dema...
M.P Cotton Steady Amid Dull trading Session
Top 5 Special Reports
Indian COTTON Market intelligence and Price Outlook: F...
veg oil Complex Fundamental Analysis Report
Weekly: Pulses Drop On Listless Demand In Dals, Crop Ar...
USD/MYR
USD/CNY & USD/IDR
Copyright © CC Commodity Info Services LLP. All rights reserved.