Login ID:
Partner Login
Contact Us : 7066511911

Cotton Firm In Madhya Pradesh On Demand From South India

19 Oct 2019 5:18 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - Cotton prices moved higher by Rs 100-150 per candy at major mandis in Madhya Pradesh on Saturday amid demand from South India.

Today around 6,500 bales of cotton arrived in the state. The price of kapas here is being quoted at Rs 4,000-5,700/quintal and cotton seed at Rs 2,900-3,200/quintal.

According to the Cotton Corporation of India (CCI), around 85,630 bales of cotton have arrived in the state till October 16.

The price of cotton 29MM was at Rs 38,900-39,500 per candy.

Traders said, there is good demand from local as well as mills of South India.

According to preliminary estimates of the Ministry of Agriculture, the country is expected to produce 322.67 lakh bales of cotton this year. Although the market expects this figure to be 375-400 lakh bales. Out of which about 22 lakh bales can be produced in Madhya Pradesh.

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   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 :  

Top | Post Comment  

Latest Market Commentary
Urad Pares Losses At Mid Session In Chennai
Major Pulses Remains Unchanged In Delhi
Canada/Australia Masoor Gains In Mumbai
Urad FAQ/SQ Trade Weak In Chennai
Burma Urad Move Higher In Mumbai
Top 5 News
Cotton Steady In Maharashtra, Gujarat; Firm In MP
Cotton Gains In Lower Rajasthan On Increased Demand
India's 2019-20 Daily Cotton Arrivals Down 21.3% Y/Y At...
Urad Pares Losses At Mid Session In Chennai
Major Pulses Remains Unchanged In Delhi
Top 5 Special Reports
Weekly: Tur/Green Pea Decline Most In Pulses Complex
USD/INR (Nov. 19) Bullish Breakout Confirmed Hold ...
USD/INR (Nov. 19) Bullish Breakout Confirmed Hold ...
Pigeon Pea (TUR) Spot (Mumbai INR) Bullish Primary Tr...
Pigeon Pea (TUR) Spot (BURMA USD) Close to a Bullish...
Copyright © CC Commodity Info Services LLP. All rights reserved.