The Hindu Business Line : Steady trend in lint prices

Coimbatore, Sept. 9 Cotton lint prices during the current fortnight remained steady, despite an all round projection of a higher new crop. The Bengal Deshi variety was quoted at Rs 1,600-Rs 1,700 per maund (of 37.3242 kg) in the spot market in Punjab, Haryana and Rajasthan.

The J-34 was quoted at Rs 1,900-Rs 2,000 per maund, according to the SICA market report. Gujarat’s Shankar-6 ruled at Rs 19,500-Rs 20,500 per candy (of 355.56 kg) and the other popular variety V-797 was quoted at Rs 15,000-Rs 15,300 per candy.

The rates for the MECH1/H4 from Madhya Pradesh were at Rs 19,000-Rs 20,000 per candy, whereas the lint from Maharashtra prevailed in the Rs 18,000-Rs 19,500 price band.

The MCU-5 from Andhra hovered between Rs 20,100 and Rs 21,000 per candy. The rates of DCH-32 from Karnataka remained steady at Rs 31,000-Rs 31,500.

The SICA market report said the latest cotton arrivals indicated a volume of 279.45 lakh bales (of 170 kg ) as against the total crop size of 280 lakh bales. In the same time of last year, the cotton arrivals reported in the market were estimated at 240 lakh bales.

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