New Delhi, April 6 (Commodities Control): Cotton prices declined for the third consecutive day in Madhya Pradesh on Saturday due to weak demand from spinning mills, while a decline in daily arrivals of Kapas was recorded in the mandis of the state.
According to traders, there has been a continuous decline in the prices of cotton in the world market for the last four days, due to which its prices have weakened in the state also. However, local demand for cotton yarn in the domestic market is expected to remain as the consumption of cotton yarn increases in summer. Therefore cotton prices may stop. Along with Kapas, cottonseed prices became stable in the state.
The arrival of Kapas in the producer markets of the state was 3,300 bales, one bale of 170 kg, whereas the arrival on the previous working day was 4,000 bales.
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(CommoditiesControl Bureau; +91-9820130172)
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