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Cotton prices traded higher on the back of short supply and hopes of fresh demand from domestic spinning mills. Kapas or raw cotton too increased as demand from ginning mills went up. Traders said that cotton stock is low and supply of the fibre has turned tight, pushing up prices on Monday. In the current market scenario, cotton prices may continue to rise this week. Gujarat Sankar-6 cotton gained ₹300 at ₹34,800-35,300 for a candy of 356 kg. About 15,000 bales of 170 kg each arrived in Gujarat, down by 2,000 bales from last week. Total arrivals in the country stood at 35,000 bales. Kapas was up ₹10 to ₹925-935 for a maund of 20 kg and gin delivery kapas was ₹940-950. Cottonseed was unchanged at ₹435-445.
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