BL21_COM2_COTTON
Cotton prices remained unchanged on the back of domestic buying support.
According to traders, exporters were out of the market and only south Indian mills were active in the market.
Gujarat Sankar-6 cotton was traded at Rs 37,200-37,500 a candy of 356 kg. Mill delivery price was Rs 37,700-37,800 . V 797 cotton A grade was offered at Rs 27,000-27,300.
Kapas or raw cotton marginally increased by Rs 5 to Rs 950-992 for 20 kg and Kadi delivery kapas at Rs 975-995.
low arrivals
About 12,000 bales of 170 kg each cotton arrived in Gujarat and 33,000-34,000 bales arrived in India.
Arrivals were reported lower in most of the markets due to hot weather.
A Rajkot-based cotton broker said: “Demand is reported to be good from South Indian spinners, while North-based mills are inactive. Ginners’ selling is restricted to lower stocks.”
Cotton 29 MM (3.8+ micronaire) was at Rs 37,500-38,000, 29 MM (3.6 micronaire) Rs 36,500-37,000 a candy in Maharashtra.
Published on May 20, 2013
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