Login ID:
Password:
Partner Login
Contact Us : 7066511911

Cotton improves in Maharashtra on increased demand from mills

28 Jun 2022 4:47 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI, June 28 (Commoditiescontrol) - Cotton prices improved in the mandis of Maharashtra on Tuesday as demand from spinning mills increased, while daily arrivals were reported lower.

According to traders, ICE cotton futures climbed in the electronic trading today, due to which buying from the mills also improved in the domestic market. Meanwhile, the balance stock of cotton with the mills of the state is less than last year, while the arrival of the new crop will start in September-October. On the other hand, CCI, Maharashtra Federation and other MNCs are also left with limited stock of cotton. Therefore, there may be limited variation in cotton prices in the domestic market right now. According to the India Meteorological Department, (IMD), from June 1 to June 27, where Madhya Maharashtra has received 43 per cent less rainfall than normal, Vidarbha received 39 percent below normal rainfall.

As far as weather is concerned, it is bad in the cotton growing areas of the state, with some areas have received rain.

A mixed trend was seen in cotton and kapas prices in the domestic futures market today afternoon with April'23 futures contract of kapas on the NCDEX edged lower by 0.81 percent. While the July month cotton contract on the MCX climbed by Rs 760 at Rs 42,270 per bale (1 bale -170 kg).

A total 2,000 bales of cotton arrived in the mandis of the state today, down from 3,000 bales a day ago.

Cotton prices in the state's mandis were at Rs 10,500 - Rs 11,500 while the price of fardar quality kapas was Rs 9,000 - 9,500 and cottonseed was quoted at Rs 3,800 to Rs 4,200 per quintal. The cottonseed of fardar quality was offered at Rs 3,000 to 3,100 per quintal according to the quality.

In Sillod line, the price of Cotton 30/30 plus MM variety was Rs 96,000 to Rs 98,000 per candy.

In Nagpur and Yavatmal line, 30 mm variety of cotton was priced at Rs 95,000-95,500, 29.5 mm at Rs 94,000-94,500 and 29 mm variety of cotton at Rs 93,000-94,000 per candy.

In Marathwada, Khandesh line, the price of 29 mm RD 75 variety of cotton was Rs 94,000 to Rs 96,000 per candy depending on the quality.

In Akola line mandis, the price of 29 mm variety of cotton was Rs 92,500 to Rs 94,500 and that of 28.5 plus cotton at Rs 91,500 to Rs 92,500 per candy, depending on the quality.


SPOT COTTON COMPLEX PRICE IN CENTRAL/SOUTH INDIA MARKET COTLOOK A INDEX 144.3 ICE COTTON OCT22 103.24
MARKET/VARIETY UNIT 28-Jun-2022 27-Jun-2022 AVERAGE %Change US cent/lb
28-Jun 27-Jun ABS CHANGE*
MH 30 mm+ (3.8-4.00 MIC) Nagpur Line (RD 75) Rs/Candy 95000-95500 94000-95000 95250 94500 750 0.79 154.1-154.92
MH 29/29+mm+ (3.8-4.00 MIC) Nagpur Line (RD 75) Rs/Candy 94000-94500 93000-94000 94250 93500 750 0.80 152.48-153.29
MH 29mm+ (3.8-4.00 MIC) Nagpur Line (RD 74) Rs/Candy 93000-94000 92000-93000 93500 92500 1000 1.07 150.86-152.48
MH 29mm+ Akola Line (3.6-3.7 MIC) (RD 75) Rs/Candy 92500-94500 92000-94000 93500 93000 500 0.53 150.05-153.29
MH 28.5mm+ Akola Line (3.6-3.7 MIC) (RD 74) Rs/Candy 91500-92500 91000-92000 92000 91500 500 0.54 148.43-150.05
MH 29mm Khandesh Line Line (3.5-3.7 MIC) (RD 74/75) Rs/Candy 94000-96000 93000-95000 95000 94000 1000 1.05 152.48-155.73
MH 29mm(RD74/75) Marathwada Line Rs/Candy 94000-96000 93000-95500 95000 94250 750 0.79 152.48-155.73
Sillod line 30/30.5mm Rs/Candy 96000-98000 96000-98000 97000 97000 0 0.00 155.73-158.97
USD / MT
NEW Kapas A Grade Rs/100 Kg 10500-11500 10500-11200 11000 10850 150 1.36 1335.37-1462.55
NEW Kapas Fardar Grade Rs/100 Kg 9000-9500 8500-9000 9250 8750 500 5.41 1144.6-1208.19
NEW Seed A Grade Rs/100 Kg 3700-4200 3800-4100 3950 3950 0 0.00 470.56-534.15
Note : USD / INR 78.63
Note: 1 candy = 355.62 kg | 1 maund = 37.3kg
*Average Change is the difference between average price of current date vs previous date


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


       
  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
Kottayam/Kochi Rubber Rates 16 August, 2022
Malaysia Rubber Physical Prices (Sen/Kg) 16 August, 2...
Shanghai Rubber Price 16 August, 2022
Bangkok/kualalumpur Rubber Rates 16 August, 2022
Thailand Rubber F.O.B. Offer Prices 16 August, 2022
more
Top 5 News
16 Aug 2022 19:00 MDEX/CBOT/DCE/ZCE Daily Rates Update
16 Aug 2022 19:00 ICE/ZCE Daily Rates Update
Canada-Australia Masoor price falls at Mumbai, Mundra t...
Rajasthan Kharif Oilseed sowing up 7.16 % as on 16 Augu...
Kharif crop sowing 16.47 % up in Rajasthan Y/Y as on 16...
Top 5 Special Reports
Sugar prices firm on improved local demand
Cotton Gujarat Kadi Seed Weak Short-term Trend / Trad...
Soy Refined Oil (Indore) Counter-trend Decline / Next...
Week Ahead: Moong may remain weak as kharif crop arriv...
Week Ahead: White Pea prices likely to rule firm on reg...
Copyright © CC Commodity Info Services LLP. All rights reserved.