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M.P: Cotton prices unchanged amid limited demand, stagnant arrivals

15 Sep 2021 2:06 pm
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Mumbai, 15 September (Commoditiescontrol): Cotton prices remained unchanged in the markets of Madhya Pradesh on Wednesday amid limited demand from mills, while daily arrivals were stagnant.

As per the traders, the weather remained bad in the kapas growing areas of the state, though it wasn’t raining today. If the weather remains clear, then the arrivals of new kapas are expected to increase in the mandis of the state by the end of the current month and the pressure of arrivals will be in the next month. Therefore, the spinners of the state are currently buying cotton in limited quantity. However, the moisture content is high in the new kapas. Meanwhile, the CCI kept its rates of cotton sales stable on Tuesday, while the corporation is left with limited stock.

On NCDEX, the April'22 futures kapas contract softened by 0.42 percent, while the October futures cotton contract on MCX fell by Rs 40 to Rs 25,580 per bale (1 bale – 170kg).

Today market arrivals of new kapas were reported at 500 bales unchanged from the last trading session.

SPOT COTTON PRICE IN MADHYA PRADESH

MARKET/VARIETY

UNIT

15 Sep.

MP-MECH 29mm+ (3.7-3.8 MIC) (RD 75)

Rs/Candy

54,000/54,400

MP-MECH B Grade (RD 74)

Rs/Candy

54,200/54,600

MP-MECH C Grade (RD 74)

Rs/Candy

53,500/53,900

MP Fardar Grade (RD 71)

Rs/Candy

51000/51500

MP Kapas NEW

Rs100/Kg

5500/6600

MP Kapas B Grade

Rs100/Kg

Na

MP Kapas C Grade

Rs100/Kg

Na

MP Seed A Grade

Rs100/Kg

3600/3700

MP Seed B Grade

Rs100/Kg

3400/3500

MP-DCH 35mm+

Rs/Candy

Na

Note: 1 candy = 356kg | 1 maund = 37.3kg | 1 Bales= 170 kg

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



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


       
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