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Cotton prices dropped on slack demand from domestic mills and exporters. Kapas or raw cotton remained steady. According to traders, cotton may fall in the coming days as international factors are not supportive. Best quality Gujarat Sankar-6 cotton was decreased ₹200-300 to ₹41,500-41,700 for a candy of 356 kg. B-grade cotton was traded on ₹34,000-35,000. About 30,000-32,000 bales of cotton arrived in Gujarat and 90,000 bales arrived across the country. According to traders, North India arrivals are in four figures only. Except Gujarat and Maharashtra, arrival will decline gradually as most of the stock has arrived in the market. Kapas was traded flat with limited buying by ginning industry. It was quoted ₹800-1,070 for a maund of 20 kg. Gin delivery kapas stood at ₹1,060-1,070 a maund . Local traders said that cotton prices may come down during this week as international factors are not supportive. Demand from China likely to decline and future market is also seen negative. Our Correspondent
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