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Cotton price decreased on poor demand from domestic mills. Moreover, weak international market and lower availability of good quality cotton kept buyers away from market. Traders said that price was moved down because demand from domestic mills was very slow. With this, there is no hope for fresh export demand in near future which pressurised the price. Arrival of cotton too was dull as farmers’ selling declined due to fall in price. Gujarat Sankar-6 cotton was down ₹200 to ₹34,500-35,200 per candy of 356 kg. About 8,000-9,000 bales (of 170 kg) arrived in Gujarat and 25,000 bales arrived in India. Kapas or raw cotton lost ₹10 to ₹915-930 for a maund of 20 kg and gin delivery kapas was ₹940-950. Cottonseed declined ₹5 to ₹420-435.
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