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Rise in Cotton Seed Prices and Increased Arrivals in Madhya Pradesh

20 Jan 2025 12:51 pm
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Indore, January 20 (CommoditiesControl): The cotton market in Madhya Pradesh saw an increase in both arrivals and prices on Monday, marking the first business day of the week. The arrival of new Kapas in the state's mandis rose by 8,000 bales, totaling between 14,000 to 15,000 bales, each bale weighing 170 kg. Despite the higher arrival figures, Kapas prices remained stable.

In contrast, cottonseed prices experienced a significant uptick, rising by Rs 50 to Rs 100 due to increased demand. The market saw a slight decline in the price of 73 RD cotton, while 75 RD cotton prices remained stable.

Arrival and Price Trends:
- The arrival of new Kapas in Madhya Pradesh on Monday was recorded at 14,000 to 15,000 bales, up by 8,000 bales compared to the previous week.
- Kapas prices remained steady, quoted at Rs 6,300 to Rs 7,300 per quintal across the state.
- Cottonseed prices increased by Rs 50 to Rs 100, now ranging from Rs 3,150 to Rs 3,450 per quintal, depending on moisture content.

Cotton Price Trends:

- The price of 73 RD cotton (9% moisture) declined by Rs 100, now quoted between Rs 52,200 and Rs 52,500 per candy, each candy weighing 356 kg.
- The price of 75 RD cotton (9% moisture) remained stable, between Rs 53,200 and Rs 53,500 per candy.

Regional Price Variations:
The prices of Kapas varied across different markets in Madhya Pradesh:
- Jobat: Rs 6,300 to Rs 6,900
- Khetia: Rs 6,430 to Rs 7,175
- Kukshi: Rs 6,900 to Rs 7,100
- Karahi: Rs 6,950 to Rs 7,000
- Sanawad: Rs 5,985 to Rs 6,650
- Bhikangaon: Rs 6,696 to Rs 6,800
- Alirajpur: Rs 6,410 to Rs 6,600
- Sailana: Rs 6,500 to Rs 7,020

The arrival of Kapas in Madhya Pradesh has been notably lower over the past week, with a total of 47,000 to 53,000 bales arriving, compared to 80,000 to 86,000 bales in the previous week. As the demand for cottonseed continues to grow, prices are expected to remain under upward pressure, while the cotton market remains stable for now.

With the steady arrival and stable prices, market participants are keeping a close watch on further developments, particularly how demand trends evolve in the coming days.




(By CommoditiesControl Bureau; +91-9820130172)

       
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