Login ID:
Password:
Partner Login
Contact Us : 7066511911

M.P. Cotton Prices Unchanged Amid Weak Demand, Steady Arrivals

30 May 2020 5:07 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) – Weak demand kept a lid on price gains as cotton in Madhya Pradesh was generally steady.

State mandis reported arrivals of 3300 bales of cotton. Kapas was quoted at Rs 4600-5290 and cottonseed was priced at Rs 2250-2550/Quintal. Cottonseed oilcake was priced at Rs 2285-2500/Quintal.

29 mm cotton in Madhya Pradesh was quoted at Rs 32,800-33,200 and 28-28.5mm was priced at Rs 29,000-29,500/candy. While 25-26 mm cotton traded in the range of Rs 24,000-24,500/candy.

Traders have reported negligible demand from state mills amid liquidity crunch. These mills are unable to operate past 30-40% of their full capacities. Ginning Mills in the surrounding areas of Indore are yet to start operations amid labour shortage and cash crunch.

(Commodities Control Bureau)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   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
SOPA Seeks Financial Aid For Soy Processing Industry; D...
Indonesia's May Palm Exports Drop 14% at 2.27 Mn T, Out...
BMD CPO Ends Higher Amid Expectations of Lower Inventor...
Malaysia June- End Palm Oil Stocks Seen Down 5% as Expo...
BMD Palm Oil Ends Mid session 1% Higher on Estimates of...
more
Top 5 News
Chana Trade Mixed At Major Spot Markets
Moong Gain At Pipariya Despite Higher Arrivals; Drop In...
Burma Urad Settles Weak At Chennai/Mumbai Amid Sellers’...
Imported Masoor Firm In Mumbai/Mundra/Hazira; Domestic...
India Contracts Deal to Export 5.2 Mn T Sugar; Likely t...
Top 5 Special Reports
CBoT Soybean Reaches 4-Months High on Dry, Hot U.S. Wea...
Weekly: Masoor Falls On Overseas Supply, Chana Dips As ...
USD/CNY & USD/IDR
USD/MYR
USD/ARS & USD/BRL
Copyright © CC Commodity Info Services LLP. All rights reserved.