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

30 May 2020 5:07 pm
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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)

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