Commodities

Cotton rules flat on slack demand

Our correspondent Rajkot | Updated on January 20, 2018 Published on April 25, 2016

BL26-COTTON





Cotton prices remained unchanged as demand was limited at the higher level. Kapas or raw cotton too traded flat. Traders said that exporters and domestic mills’ buying were not so good because of the price rise last week. Moreover, weak international market sentiments also may pressurise cotton price. Gujarat Sankar-6 cotton fetched ₹34,500-700 per candy of 356 kg. About 30,000 bales (of 170 kg each) arrived in Gujarat and 55,000 bales arrived in India. Kapas stood at ₹925-990 per 20 kg and gin delivery kapas was at ₹1,000-1,020. Cottonseed went for ₹475-530.

Published on April 25, 2016
This article is closed for comments.
Please Email the Editor