Agri Business

Cotton blooms on restricted arrivals

| | Updated on: Oct 12, 2015

Cotton prices moved up in the spot market on slack arrivals. Moreover, demand for cottonseed from oil mills also supported the cotton price to move up. According to a miller, festival buying for cotton oil has pushed up the demand for cottonseed. Gujarat Sankar-6 cotton was up ₹200 to ₹33,200-700 per candy of 356 kg. About 10,000 bales of 170 kg each arrived in Gujarat and 30,000 bales in India. Cottonseed gained ₹10 to ₹490-500 per 20 kg. Kapas or raw cotton too moved up on the back of fresh enquiries from ginners. Kapas was traded up ₹10 to ₹850-900 per 20 kg and gin delivery kapas stood at ₹900-920.

Published on January 22, 2018

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