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

Cotton Prices Show Mixed Trend in Andhra & Telangana; Daily Arrivals Steady

23 May 2024 2:23 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
New Delhi, May 23 (Commodities Control): Cotton prices showed mixed trend in the markets of Andhra Pradesh and Telangana on Thursday, while the daily arrival of Kapas has stopped.

In Telangana, cotton prices increased, whereas in Andhra Pradesh, they remained stable. According to traders, the outstanding stock of cotton with the Cotton Corporation of India (CCI) is higher in these states, and CCI is selling cotton at prices above the spot market rate. This situation may cause a slight improvement in prices, but a significant rise is unlikely due to weak demand for yarn in the domestic market.

Today, in the domestic futures market, cotton prices showed a mixed trend. Kapas prices settled at Rs 1,601 per 20 kg in the April-25 futures contract on NCDEX. During this period, cotton prices in the May-24 futures contract on MCX rose by Rs 280 to Rs 56,260 per candy.

The arrival of cotton in these states totaled 2,500 bales, with Andhra Pradesh accounting for 2,000 bales and Telangana for 500 bales. This is consistent with the previous trading day's arrival figures.





(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
Kapas Arrivals in Major Producing States Total 22,900 B...
Cotton Prices in Karnataka Remain Stable Amid Limited B...
Cotton Prices Remain Stable in Andhra & Telangana; Dail...
Cotton Prices Stable in Maharashtra; Daily Arrivals Con...
Cotton Prices Stable in Lower Rajasthan Amid Limited Bu...
more
Top 5 News
Farm Bodies Push for Import Duties, Tenant Farmer Benef...
Gujarat Sugar Prices -22 June 2024
Uttar Pradesh Sugar Prices -22 June 2024
Panjab Sugar Prices -22 June 2024
Prices Improve in Gujarat Due to Local Demand for Cumin...
Top 5 Special Reports
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...
South Australia's 2024-25 Winter Crop Production Foreca...
Weekly: ICE Sugar Futures Revived By ISO's Global Defic...
Copyright © CC Commodity Info Services LLP. All rights reserved.