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Cotton prices ruled steady on Friday on the back of limited demand. According to traders, buying by domestic mills is need-basedbut export demand was very nominal.
Kapas or raw cotton was also traded flat. A broker said that ginning activity has been slow as arrival of quality cotton decreased. In such market conditions, cotton may decline next week.
Gujarat Sankar-6 good quality cotton was traded at ₹42,000-200 for a candy of 356 kg. B grade cotton stood at ₹39,000-40,000 and C grade cotton ₹35,000-36,000 .
About 35,000 bales (of 170 kg each) of cotton arrived in Gujarat and 90,000 bales arrived in India. Kapas was ₹860-1,060 for a maund of 20 kg in Saurashtra.
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