login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Cotton Prices Decline in MP Amid Dip in Demand; Daily Arrivals Up

18 Apr 2024 1:18 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

New Delhi, April 18 (Commodities Control): Cotton prices weakened in Madhya Pradesh on Thursday due to a decrease in demand from spinning mills, accompanied by an increase in daily arrivals of Kapas in the state's mandis.

The decline in cotton prices is due to weak procurement from spinning mills. Traders noted that while domestic demand for cotton yarn is not increasing as expected, cotton exports seem unprofitable in view of low international prices. This stability in the export market is contributing to the lack of a significant rise in cotton prices in the state. Cottonseed prices remained stable alongside Kapas prices.

A downward trend was observed in cotton prices in the domestic futures market today. Kapas prices in the April 2024 futures contract on NCDEX fell by Rs 21.5 to Rs 1,462 per 20 kg. Additionally, cotton prices in the May 2024 futures contract on MCX dropped by Rs 460 to Rs 57,160 per candy.

Kapas arrivals in the producer markets of Madhya Pradesh reached 2,500 bales, each weighing 170 kg per bale, compared to 2,200 bales on the previous trading day.



(CommoditiesControl Bureau; +91-9820130172)


       
  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 :  
   

Post Comment  

Latest Market Commentary
DCE OIL COMPLEX EVENING CLOSING 21 MAY 2024
DCE Daily Rates Update ( Time: 20:14 ) - 21 MAY 2024
Malaysian Palm Oil Futures Slump on Weak Exports, Risin...
COCONUT PRICES 21.05.24
Mustard seed complex sees bullish tone on strong buying...
more
Top 5 News
DCE OIL COMPLEX EVENING CLOSING 21 MAY 2024
ZCE COTTON AND YARN EVENING CLOSE 21 MAY 2024
Market Wise Urad Arrivals: Supply Down By -32.95% Again...
Market Wise Tur Arrivals: Supply Down By -12.63% Agains...
Small Cardamom Prices Surge as Arrival Tops 1.0 Lakh kg...
Top 5 Special Reports
Sunflower Refined Oil (AP) Inflection Point: Trading N...
Black Matpe (Urad) SQ Chennai Trending Higher / Next R...
Weekly: ICE sugar futures under pressure as Brazilian p...
Weekly: ICE cotton prices maintain weak stance amid slo...
Jaipur Mustard Seed Signs of a Bullish Reversal / Next...
Copyright © CC Commodity Info Services LLP. All rights reserved.