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A.P Telangana: Cotton prices stable amid limited buying

14 Sep 2021 3:28 pm
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Mumbai, 14 September (Commoditiescontrol): Cotton prices were stable in the markets of Andhra Pradesh and Telangana on Tuesday amid limited buying by mills.

Traders said that the spinners of these states have ample of stock for more than a month’s consumption. So, the mills want to utilise their old stock before the arrival of new kapas. Hence spot demand remains limited. If the weather remains clear, then the daily arrivals of new kapas will start in the mandis of the state by the end of the current month and arrivals are expected to increase in the next month. Therefore, limited fluctuation is expected to remain in cotton prices in the spot market.

On NCDEX, the April'22 futures kapas contract softened by 0.39 percent, while the October futures cotton contract on MCX fell by Rs 50 to Rs 25,570 per bale (1 bale – 170kg).

SPOT COTTON PRICE IN CENTRAL/SOUTH INDIA

MARKET/VARIETY

UNIT

14 Sept.

Telangana - Warangal 28/29mm+

Rs/Candy

AP - Guntur A Grade (30+mm) (MIC 4.2 -4.6)

Rs/Candy

55000

AP - Guntur A Grade (29-29.5mm) (MIC 4.2 -4.6)

Rs/Candy

53500/54200

Kapas A.P

Rs/100 Kg

Na

Kapas Telangana

Rs/100 Kg

Telangana Seed

Rs/100 Kg

3000/3800

Note: 1 candy = 355.62 kg | 1 maund = 37.3kg |MH - Maharashtra; MP - Madhya Pradesh; AP - Andhra Pradesh

*Average Change is the difference between average price of current date vs previous date



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


       
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