Cotton rules flat on slack buying

Our Correspondent Rajkot | Updated on July 25, 2014

Cotton prices were unchanged as demand has slowed. Kapas or raw cotton also traded flat on limited buying. According to a broker, this week prices slid nearly ₹500 during the week.

Chances for further decline as the trade is expecting lower production of the fibre. Gujarat Sankar-6 best quality cotton was traded at ₹40,500-41,000 a candy of 356 kg, average cotton at ₹38,500-39,000 and lower grade cotton was ₹34,000-35,000.

About 5,000-6,000 bales (of 170 kg each) of cotton arrived in Gujarat and 15,000 bales arrived in India. Kapas was at ₹870-1,050 for a maund of 20 kg . Gin delivery kapas was ₹1,040-50.

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Published on July 25, 2014
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