Cotton steady on slow export demand

Our Correspondent
Comment   ·   print   ·  
Wilting cotton
Wilting cotton

On the back of normal demand of mills and exporters, cotton prices remained unchanged in most of the parts in the western region.

According to traders, prices may gain on expected export demand.

A grade Sankar-6 cotton traded at Rs 33,500-33,700 for a candy (356 kg) and B grade cotton at Rs 33,300-33,400 in Gujarat. V 797 cotton was offered at Rs 29,500-30,000.

About 40,000 bales ( a bale is 170 kg) arrived in Gujarat and 1.55 lakh bales arrived in the country.

New 29 MM (3.8+ micronaire) cotton traded at Rs 33,200-33,500, 29 MM (3.7+ micronaire) cotton was traded Rs 32,700-33,000 in in Maharashtra. Low micronaire cotton was quoted at Rs 31,500-32,500.

A Rajkot-based cotton broker said, “At present, mills are buying cotton, export demand is slow but we are expecting export demand the in coming days. Price may move up next week.”

Till end November, about 51 lakh bales cotton arrived in the country which was almost 15-16 per cent less than last year arrivals.

In Gujarat, so far around 11.50 lakh bales of new cotton arrived. The traders estimated about 340 lakh bales cotton production in the country and 90 lakh bales cotton production in Gujarat.

(This article was published on December 7, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.


This article is closed for comments.
Please Email the Editor

Prices of various commodities in Chennai. »

Get commodities

Cereals Prices

Cotton Prices

Drug and Narcotics Prices

Dry Fruits Prices

Flowers Prices

Forest Products Prices

Fruits Prices

Jute Prices

Live Stock Prices

Oil Seeds Prices

Other Prices

Poultry Prices

Pulses Prices

Rice Prices

Rubber Prices

Spices Prices

Tobacco Prices

Vegetable Prices

Wheat Prices



Recent Article in Commodities

Hedge funds have increased their bets on rising Brent prices last week to their highest since July 2014, exchange data showed.

Crude oil extends losses as deadline for Iran nuclear deal looms

Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal that... »

Comments to: Copyright © 2015, The Hindu Business Line.