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CCI reduces its rates of cotton sales by Rs 400/candy in North India

13 Sep 2021 4:23 pm
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Mumbai, 13 September (Commoditiescontrol): The CCI on Monday reduced its rates of cotton sales by Rs 400 per candy in North Indian states, while keeping rates stable in other states.

As per the sources, the CCI has maximum stock of cotton in the states of North India. So, the CCI wants to exhaust the stock by reducing the rates before the arrival of new crop. The arrival of new kapas has started in the mandis of the states of Punjab, Haryana, Rajasthan, Madhya Pradesh and Gujarat. If the weather remains clear, then the daily arrivals will increase in the coming days.

According to the CCI, the selling price of 27/28 mm cotton for the 2020-21 crop season in Sirsa, Haryana, North India on Monday was reduced by Rs 400 from Rs 50,900 to Rs 51,300 per candy. Similarly, the selling price of 27/28 mm cotton of crop season 2019-20 in Sirsa has also declined by Rs 400 from Rs 49,600 to Rs 50,000 per candy. In Sriganganagar, Rajasthan, the selling price of 27/28 mm cotton for the 2020-21 crop season dropped by Rs 400 to Rs 51,700 to Rs 52,100 per candy. While, the selling price of 27/28 mm cotton for the 2020-21 crop season remained at the previous level of Rs 52,500 to 53,600 per candy in Aurangabad, Maharashtra.

Sources revealed that spinners in most of the states have sufficient stock for more than a month's consumption. So, the mills want to utilise their old stock before the arrival of new crop. Hence, the buying by mills also remained in limited quantities. Although many kapas producing states are receiving continuous rains, the productivity and quality per hectare of kapas will depend on the monsoon rains in the kapas growing states in the current month.

(By Commoditiescontrol Bureau: +91-22-40015505)

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