New Delhi, June 17 (Commodities Control): Cotton prices remained stable in Karnataka on Monday for the 10th consecutive day due to limited sales by ginning mills, while daily arrivals of cotton in the state's mandis have remained consistent.
Traders report that ginning mills are not finding current cotton prices profitable due to their high-priced stock. This has resulted in stable cotton prices in the spot market. Additionally, both local and export demand for cotton yarn is weaker than usual, and cotton exports are not proving to be profitable. Consequently, there is no immediate expectation of a rise in cotton prices. Prices for Kapas and cottonseed have also stabilized in the state.
On Monday, the arrival of Kapas in the state's mandis was recorded at 1,000 bales (one bale weighing 170 kg), consistent with the previous trading day's arrivals.
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(By CommoditiesControl Bureau: +91-9820130172)
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