Login ID:
Partner Login
Contact Us : 7066511911

Cotton Prices Down In North India On Weak Cues

14 Feb 2020 2:04 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - Cotton prices fell by Rs 10-20 per maund at major markets in North India on Friday due to the decline in demand amid sharp fall in the global market.

Besides, higher arrivals also weighed on the price.

A total of 18,000 bales of cotton today arrived in North India, including 4,000 bales in Punjab and 8,000 bales in Haryana and 6,000 bales in upper Rajasthan. Arrivals were at 16,500 bales on Thursday.

The price of 27-28.5MM cotton in Punjab quoted lower by Rs 20 at Rs 3,985-4,035/maund. 27-28MM cotton in Haryana also fell by Rs 10 to Rs 3,980-3,995 per maund. Price of 26.5-28MM cotton too ruled weak by Rs 15 at Rs 3,995 per maund in upper Rajasthan.

Average price of kapas in North India was at Rs 5,150-5,250/quintal. While cotton seed quoted at Rs 2,450-2,500/quintal. Cotton seed oil cake on the other hand traded at Rs 2,150-2,200 per quintal.

According to traders, demand from mills remained weak today as overnight fall in the global market has weakened the sentiment. On the other hand, market was dominated by the sellers amid fear of further fall in the price. While the export market continued to remain listless due to the outbreak of coronavirus in China.

MARKET/VARIETY UNIT 14-Feb 13-Feb AVERAGE % Change US cent/lb
14-Feb 13-Feb ABS CHANGE*
Punjab J-34 (RG) 27-28.5MM (MIC 4.00-4.7) Rs/maund 3985-4035 4010-4050 4,010 4,030 -20 -0.5 67.92-68.77
Haryana J-34 (RG) 27-28 (MIC 4+) Rs/maund 3980-3995 3985-4010 3,988 3,998 -10 -0.3 67.83-68.09
Rajasthan J-34 (RG) 26.5-28mm (MIC 4.00-4.5) Rs/maund 3995-3995 4010-4010 3,995 4,010 -15 -0.4 68.09-68.09
Note: USD/INR= Rs 71.31
Note: 1 maund = 37.3kg |*Average Change is the difference between average price of current date vs previous date

MARKET/VARIETY UNIT 14-Feb 13-Feb AVERAGE %Change US cent/lb
14-Feb 13-Feb ABS CHANGE*
Lower Rajasthan-Marwad Line 28-29 mm (MIC 3.0-3.8) Rs/Candy 37550-39050 37650-39150 38300 38400 -100 -0.3 67.18-69.85
Lower Rajasthan-Mewad Line 28-29mm (MIC 3.0-3.8) Rs/Candy 37050-38550 37150-38650 37800 37900 -100 -0.3 66.29-68.95
Lower Rajasthan-Khairthal Line 29-29.5 mm (MIC 3.8- 4.2) Rs/Candy 38550-38850 38650-38950 38700 38800 -100 -0.3 68.97-69.49
Note: USD/INR= Rs 71.31
Note: 1 candy = 356kg | 1 maund = 37.3kg | 1 Bales= 170 kg
*Average Change is the difference between average price of current date vs previous date

  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
US Cotton Net Export Sales For Feb 14-20 Down 9% W/W At...
Cottonseed Oil Cake Tanks 30% In 2 Months
Cotton Prices Weak In Lower Rajasthan On Sluggish Mills...
India's 2019-20 Daily Cotton Arrivals Up 50.9% Y/Y At ...
Cotton Prices Steady To Weak In Central, South India
Top 5 News
Spot Mentha Oil Prices Move Up On Low-Level Buying
Domestic Sugar Prices Mostly Down On Selling Pressure
Spot Turmeric Prices Down On New Crop Arrivals
Spot Jeera Prices Remain Range-Bound
Spot Red Chilli Rules Mostly Steady Amid Lower Arrivals...
Top 5 Special Reports
USD/INR (Feb. 20) Short-term Strength Within a Multi...
USD/INR (Feb. 20) Positive Short-term Trend / Next R...
USD/INR (Feb. 20) Positive Short-term Trend / Next R...
Copyright © CC Commodity Info Services LLP. All rights reserved.