Cotton prices moved up marginally on the back of fresh demand from domestic mills. Moreover, export inquiries also supported the price increase. Traders said that, demand from yarn mills has risen after Diwali , while supplies remained tight at this time, boosting price of the commodity. Gujarat Sankar-6 cotton traded higher by ₹100 to ₹32,400-32,500 per candy of 356 kg. About 40,000 bales arrived in Gujarat and 1.25 lakh bales arrived across the country. Kapas or raw cotton also increased on improved ginning demand. Kapas was traded up by ₹10 to ₹825-865 per 20 kg and gin delivery kapas stood at ₹865-885 per 20 kg. Cotton seed increased ₹15 to ₹405-415 per 20 kg.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.