Login ID:
Password:
Partner Login
Contact Us : 7066511911

Cotton falls further in Karnataka amid subdued buying

24 Sep 2022 8:23 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI, Sept 24 (Commoditiescontrol) : Cotton prices fell further in the mandis of Karnataka on Saturday amid slow buying from spinning mills, while daily arrivals stayed unchanged.

The weather is inclement in the cotton producing areas of the state. According to traders, local prices softened today as global downtrend weighed on demand. Moreover, the spinning mills do not seem to be getting parity at current prices of cotton as the local and export demand for yarn is weak. Along with this, the arrival of new cotton crop in the producer mandis of the state will increase by the end of the current month, while there will be pressure of arrivals in October. Hence, mills do not want to take risk by buying cotton at the prevailing prices. However, as mills are left with limited stock of old cotton, the prices of cotton in the state's mandis are unlikely to fall sharply.

A total 1,000 bales of 170 kgs each of cotton arrived in the mandis of the state today, unchanged from a day before.

In the state mandis, the price of cottonseed was Rs 2,800 to Rs 3,600 and that of kapas was Rs 7,500 to Rs 8,800 per quintal today.

The price of 29.5/30 mm cotton quoted at Rs 79,000 to Rs 81,000, 29.5 mm of cotton at Rs 77,000 to Rs 79,000 and 29 mm at Rs 75,000 to Rs 77,000 per candy.




(By Commoditiescontrol Bureau)


       
  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 30 November , 2022
Bangkok/kualalumpur Rubber Rates 30 November , 2022
Malaysia Rubber Physical Prices (Sen/Kg) 30 November...
Rubber (JPX) Trending Lower / Next Support at 200
Shanghai Rubber Price 30 November , 2022
more
Top 5 News
CBOT soybean continues its rally on fresh Chinese buyi...
CBOT soybean continues its rally on fresh Chinese buyi...
Polyester yarn prices ease due to cheaper fibre, altern...
Malaysia keeps Dec CPO export duty unchanged at 8%, but...
Govt raises base import price of crude palm oil, soyoil...
Top 5 Special Reports
Mumbai Lemon Tur (Pigeon Pea) Counter-trend Decline /...
Mustard Seed (Jaipur) Inflection Point: Retesting Key...
Groundnut Oil (Rajkot) Correction Underway / Next Sup...
Desi Moong (Jaipur) Failure at Key Resistance (Rs. 7,...
Mustard Cake (Jaipur) Counter-trend Rally / Key Resis...
Copyright © CC Commodity Info Services LLP. All rights reserved.