Login ID:
Password:
Partner Login
Contact Us : 7066511911

MP Spot Cotton Remains Steady

10 Jul 2020 6:47 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (commodities control) - M.P. cotton prices were steady on limited trade activity. Mills were reluctant to make fresh purchases at higher levels. The state reported increased arrivals of 600 bales.kapas was quoted at Rs 3300-4300, down Rs 100 and cottonseed was priced at Rs 2200-2300 a Quintal. Cottonseed cake traded in the range of Rs 2000-2150 per Quintal.

29 mm cotton was quoted at Rs 33,000-33,500 and 28-28.5MM was priced at Rs 29,000-31,000/candy. DCH 34-35 MM was quoted at Rs 53,000-54,000/candy.


Mills were not interested to purchase at higher levels as they anticipate fall in prices in the future due to higher acreage and the early arrival of new crop due to early sowing and good monsoon.On the other hand sellers are not interested to sell at lower level as they expect better prices due to firm ICE futures.


27-30mm cotton in Indore was quoted at Rs 35,100-37,500 by CCI .There is a quantity discount of Rs 300-1500 depending on the quantity purchased.


       
  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
Spot Cardamom Prices Rally Due to Rising Demand
Coriander: Mixed Price Trend in Spot, Futures Decline
India Spices Export Offer Price - 13 AUGUST 2020
Jeera : Spot Prices Rise, Futures Decline
Turmeric : Flat Spot, Weak Futures
more
Top 5 News
Chana Firm in Selective Spot Markets
Spot Cardamom Prices Rally Due to Rising Demand
Coriander: Mixed Price Trend in Spot, Futures Decline
India Spices Export Offer Price - 13 AUGUST 2020
Jeera : Spot Prices Rise, Futures Decline
Top 5 Special Reports
USD/INR (Aug 20) Consolidating Within an Emerging Do...
Major Changes in State-wise Cotton Acreage; Telangana S...
India Set for 310 Lk Tons of Sugar Output Next Season
USD/INR (Aug 20) Consolidating Below Key Resistance ...
USD/INR (Aug 20) Consolidating Below Key Resistance ...
Copyright © CC Commodity Info Services LLP. All rights reserved.