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Cotton price remained unchanged in Gujarat even as demand weakened.
Best quality Sankar -6 variety was traded at Rs 38,000-38,500 a candy of 356 kg, medium grade at Rs 32,000-34,000 a candy and lower grade at Rs 27,000-28,000 a candy. While 7,000-8,000 bales arrived in Gujarat, 14,000-15,000 bales arrived in the rest of the country.
A-grade raw cotton was quoted at Rs 850-875 for a maund of 20 kg and lower grade at Rs 625-630 a maund .
Traders complained permission for additional exports have not lifted prices. Besides, demand from mills has also remained dull.
At a meeting of the core committee of All India Cotton Ginners Association in Ahmedabad on Wednesday, it was decided to request the Government to allow additional exports to the tune two million bales of 170 kg each. They plan to submit a memorandum to the Prime Minister and the Agriculture Minister in this regard.
Delayed monsoon rains in Gujarat, Maharashtra and Rajasthan are troubling farmers, who had prepared the land expecting rains by June 15, as it will hamper sowing of key crops such as cotton and groundnut.
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