New Delhi, December 5 (Commodities Control): Cotton prices in Maharashtra's mandis remained stable for the second consecutive day on Thursday due to limited buying by spinning mills. Daily arrivals of Kapas also stagnated at 35,000 bales, reflecting cautious market sentiment.
Traders attribute the price stability to subdued local demand for cotton yarn, which has led spinning mills to purchase only as per immediate requirements. Despite this, prices are holding firm, as ginning mills find current levels unprofitable, discouraging significant price drops.
- Kapas and Cottonseed Prices: Stable across Maharashtra.
- Domestic Futures: Mixed performance observed.
- On NCDEX, the April-25 Kapas futures contract dipped by ₹1 to ₹1,529 per 20 kg.
- On MCX, the November-24 cotton futures contract rose by ₹460 to ₹55,850 per candy.
The arrival of Kapas in Maharashtra’s mandis stood unchanged at 35,000 bales (1 bale = 170 kg), the same as the previous trading session.
Traders anticipate continued stability in cotton prices due to the balanced supply-demand dynamics. With limited yarn demand and unprofitable ginning margins, market participants expect prices to remain range-bound unless there is a significant shift in buying patterns or a change in Kapas arrivals. The cautious approach by spinning mills and steady arrivals will be key factors influencing Maharashtra's cotton market in the coming days.
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(CommoditiesControl Bureau; +91-9820130172)
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