Cotton rules flat on limited buying

Cotton prices ruled unchanged on the back of limited buying activity in the market. Due to Bakrid, most markets were closed. Kapas or raw cotton also traded flat. Gujarat Sankar-6 cotton traded at ₹30,000-34,000 for a candy of 356 kg according to quality. Kapas was quoted ₹800-850 for a maund of 20 kg and gin delivery stood at ₹825-85/ maund . As markets were closed, arrival of cotton decreased to 2,500-3,000 bales (of 170 kg) in Gujarat against last week’s 6,000 bales. About 10,000 bales cotton arrived across the country.