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Cotton Gains In North India On Mills' Buying

2 Dec 2019 12:19 pm
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MUMBAI (Commoditiescontrol) - Cotton prices gained by Rs 5-10 per maund at major markets in North India on Monday amid buying from the mills.

A total of 24,000 bales of cotton today arrived in North India. Arrivals were at 21,500 bales on Saturday.

The price of 28+MM cotton in Punjab and 28MM cotton in Haryana quoted at Rs 3,920-3,955/maund and Rs 3,910-3,925 per maund, respectively. While in upper Rajasthan 28MM cotton prices were at Rs 3,930 per maund.

Average price of kapas in North India was at Rs 5,000-5,100/quintal. While cotton seed quoted at Rs 2,470-2,490/quintal.

According to traders, activities in the spot have started to increase with the improvement in the global prices. Furthermore, procurement by mills in Punjab, Haryana and Rajasthan still continues. Actually, yarn and textile mills are now also getting orders. Some exporters are also active in the market. In such a situation, sellers are not ready to sell at a lower price.

 

SPOT COTTON PRICES IN MAJOR NORTH INDIAN MARKETS
MARKET/VARIETY UNIT  2-Dec 30-Nov AVERAGE % Change US cent/lb
2-Dec 30-Nov ABS CHANGE*
Punjab J-34 (RG)  27-28.5MM (MIC 4.00-4.7) Rs/maund 3920-3955 3915-3945  3,938   3,930  8 0.2 66.46-67.05
Haryana J-34 (RG) 27-28 (MIC 4+) Rs/maund 3910-3925 3900-3925  3,918   3,913  5 0.1 66.29-66.54
Rajasthan J-34 (RG) 26.5-28mm (MIC 4.00-4.5) Rs/maund 3930-3930 3920-3920  3,930   3,920  10 0.3 66.63-66.63
Note: USD/INR= Rs 71.69
Note: 1 maund = 37.3kg |*Average Change is the difference between average price of current date vs previous date 

 

SPOT COTTON PRICE IN LOWER RAJASTHAN
MARKET/VARIETY UNIT  2-Dec 30-Nov AVERAGE %Change US cent/lb
2-Dec 30-Nov ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29.5 mm (MIC 3.8-4.00) Rs/Candy 37200-38500 37200-38500 37850 37850 0 0.0 66.2-68.5
Lower Rajasthan-Mewad Line 27-28mm (MIC 3.00-3.8) Rs/Candy 37200-38500 37200-38500 37850 37850 0 0.0 66.2-68.5
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 37800-38500 37800-38500 38150 38150 0 0.0 67.27-68.5
Note: USD/INR= Rs 71.69
Note: 1 candy = 356kg | 1 maund = 37.3kg | 1 Bales= 170 kg
*Average Change is the difference between average price of current date vs previous date

       
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