Cotton Prices Stable in North Indian States Amid Subdued Demand

New Delhi, September 9 (Commodities Control): Cotton prices remained stable across the North Indian states of Punjab, Haryana, and Rajasthan on Monday, following a subdued demand from spinning mills. Market activity was further subdued as no new arrivals of cotton were reported in these regions.

There is a mixed trend in cotton prices in ICE electronic trading. According to traders, spinning mills in North Indian states are purchasing cotton as per their requirement before the arrival of new crop, hence its prices have become stable in the spot market. However, traders are not in a bearish trend in cotton right now, because in the current season there was a decrease in sowing in these states, due to which production is estimated. If the weather remains favorable, then there will be an arrival of new cotton in these states by the end of the current month, along with this, the purchase of mills is also expected to increase. Cottonseed prices have become stable in these states.

Cottonseed prices have also stabilized in these states. In Punjab and Haryana, cottonseed is priced between Rs 3,200 and Rs 3,550 per quintal, while in upper Rajasthan, it ranges from Rs 3,250 to Rs 3,700 per quintal.

In the futures market, cotton prices have experienced a decline. The NCDEX reported a decrease of Rs 5.5 in Kapas prices, now standing at Rs 1,616 per 20 kg for the April-25 futures contract.

Spot delivery prices for cotton were as follows:
- In Punjab: Rs 5,875 to Rs 5,900 per maund, equating to Rs 55,800 to Rs 56,100 per candy.
- In Haryana: Rs 5,775 to Rs 5,800 per maund, or Rs 54,900 to Rs 55,100 per candy.
- In Upper Rajasthan: Rs 5,575 to Rs 6,000 per maund, corresponding to Rs 53,000 to Rs 57,000 per candy.
- In Pilani, Rajasthan: Rs 5,575 to Rs 6,000 per maund.
- In Lower Rajasthan: Rs 58,800 to Rs 59,000 per candy.




(By CommoditiesControl Bureau; +91-9820130172)