Comments
Cotton prices remained unchanged as demand was limited.
Traders said that buyers are waiting for some more downfall in the price.
Moreover, new cotton crop will come in the market which restricted demand from mills.
Gujarat Sankar-6 cotton traded at ₹42,000-43,000 per candy of 356 kg.
About 900 bales of 170 kg each cotton arrived in India and 200 bales arrived in Gujarat.
According to traders, new crop will arrive by end of this month.
Though much fall in price is not expected as supply is tight due to short crop.
Kapas or raw cotton traded flat at ₹1,050-1,150 per 20 kg and cottonseed stood at ₹550-595 per 20 kg.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.