Agri Business

Cotton blooms on export demand

Our Correspondent Rajkot | Updated on January 22, 2018 Published on December 07, 2015

Cotton prices moved up on the back of good export demand as well as increased domestic buying. Arrival of the fibre improved but farmers are not selling their commodity in a big way which lifted raw cotton or kapas price.

Traders said that export demand from Pakistan, Myanmar and Bangladesh is good which supported the price rise. Gujarat Sankar-6 cotton gained ₹200 to ₹33,200-300 per candy of 356 kg.

About 50,000-60,000 bales (of 170 kg each) arrived in Gujarat and 1.50 lakh bales arrived in India. Kapas was up ₹10 to ₹860-880 per 20 kg and gin delivery kapas moved up to ₹880-905. Cottonseed increased by ₹10 to ₹410-420.

Published on December 07, 2015
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