New Delhi, June 17 (Commodities Control): Cotton prices remained stable in Lower Rajasthan for the third consecutive trading day on Monday, driven by limited demand from spinning mills.
Traders report that spinning mills in the state are purchasing cotton strictly based on their immediate requirements, influenced by a lackluster demand for yarn in the domestic market.
Despite a decline in cotton prices globally, ginning mills are not finding current prices profitable, resulting in reduced selling activity. Although there is no significant inflow of raw material, ginning mills in the state still hold substantial stocks of cotton. As a result, an increase in cotton prices in the spot market appears unlikely at this time.
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(By CommoditiesControl Bureau: +91-9820130172)
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