Commodities

Cotton blooms on mills, export demand

Our Correspondent Rajkot | Updated on August 16, 2011 Published on August 16, 2011

COM2_COTTON



Demand from mills lifted cotton by Rs 3,000 a candy of 356 kg in the past week. Gains in the international markets have supported the rise in price.

Sankar-6 variety was traded at Rs 35,500-36,000 a candy, up Rs 3,000 a candy in the past week. Raw cotton or kapas also went up by Rs 40-50 a maund of 20 kg to Rs 860-875 in Rajkot.

Ginners said there were enquiries for export as well. Demand is expected to be strong as the new season starts.

Area under cotton has spurted by over 2.52 lakh hectares (lh) in the State in the last leg of kharif sowing, officials said on Tuesday.

“Acreage under cotton this kharif season has reached 28.84 lh so far in Gujarat, up by nearly 2.52 lh, as compared to 26.32 lh sown in last season (2010-11),” a Cotton Corporation of India official said.

Published on August 16, 2011
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