New Delhi, April 20 (Commodities Control): Cotton prices continued to exhibit a mixed trend for the third consecutive day on Saturday in the markets of Andhra Pradesh and Telangana, attributed to limited demand from spinning mills,while reduced daily arrivals noted in these states.
While cotton prices weakened in Andhra Pradesh, they remained stable in Telangana. Traders highlighted that spinning mills in these states do not find the current cotton prices profitable, leading them to purchase cotton only as per their immediate requirements. Consequently, the possibility of a significant rise in cotton prices at present is limited. Additionally, the Cotton Corporation of India (CCI) holds a substantial outstanding stock of cotton in these states.
Today, the daily arrival of Kapas in the markets of Andhra Pradesh amounted to 2,500 bales, while in Telangana, there was an arrival of 500 bales. This marks a decrease from the previous trading day, where the arrival of cotton in these states totaled 3,100 bales.
(450)(1).png)
(456)(1).png)
(By Commoditiescontrol Bureau: +91-22-40015505)
0 Comments 
Post Comment 
