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Moderate demand at the higher level kept cotton price unchanged on Friday. Export buying was limited due to price rise in past few weeks.
Trader said that during January most of the time cotton price was gained which decreased the demand from domestic mills and exporters.
Gujarat Sankar-6 cotton was traded at ₹42,500-43,000 per candy of 356 kg. About 35,000 bales of cotton arrived in Gujarat and 1.55 lakh bales arrived in India.
Kapas or raw cotton increased by ₹5 to ₹1,090-1,155 per 20 kg and gin delivery kapas stood at ₹1,160-1,200 per 20 kg.
According to traders, much rise in price may reduce the demand but on the other hand, as farmers are not selling cotton fall may be limited in the cotton rates.
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