Cotton Prices Down in Karnataka; Daily Arrivals Hold Steady

New Delhi, April 13 (Commodities Control): Cotton prices declined in the markets of Karnataka on Saturday, primarily due to subdued demand from spinning mills, while the daily arrival of Kapas in the state remained stable.

Traders in the region noted that spinning mills are currently procuring cotton strictly based on immediate requirements, resulting in weakened prices in the spot market. Industry experts attribute this trend to a recent decline in global cotton prices, which has made cotton and yarn exports less profitable.

Despite the decline in global prices, the impact on domestic rates has been moderate. However, with limited outstanding stock of cotton in the state, mills will inevitably need to make further purchases, mitigating the likelihood of significant price declines.

While cottonseed prices remained stable, Kapas prices in the state saw a decrease of Rs 50, reflecting the prevailing market sentiment.

Saturday witnessed the arrival of 2,000 bales of Kapas in the state mandis, each bale weighing 170 kg. This figure matched with the arrival recorded on the previous trading day.



(CommoditiesControl Bureau; +91-9820130172)