Cotton seen higher on export, mill demand

Our Correspondent Rajkot | Updated on January 13, 2012 Published on January 13, 2012


Cotton trading was dull on Friday because of Makar Sankranti festival. Prices may rise next week on demand from exporters and local mills, though it is unlikely to cross Rs 38,000 a candy of 356 kg in the near future, said Mr Samirbhai, a broker. The cash crop will remain between Rs 35,500 and Rs 37,000 this month, he said.

The Sankar-6 variety traded at Rs 36,800-37,000 a candy. Raw cotton or kapas was down Rs 7-10 at Rs 900-915 for a maund of 20 kg.

While about 65,000 bales of 170 kg each arrived in Gujarat, 2.1 lakh bales arrived in rest of the country.

The April contract of kapas was down Rs 9.30 to Rs 903.30 for a maund, with an open interest of 10,989 lots.

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Published on January 13, 2012
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