Comments
Cotton was unchanged on Monday even as buying by mills rose. Higher demand for yarn prompted mills to buy more, said a broker here. However, export demand was nominal. Arrivals increased a little.
In Gujarat, the new A-grade S-6 variety traded at Rs 32,500-32,800 a candy and B-grade at Rs 32,000-32,400. The new V-797 was offered at Rs 25,500-26,500 a candy. About 15,000-16,000 bales of 170 kg each arrived in the State, while 50,000-55,000 bales arrived in the rest of the country.
Kapas or raw cotton sold at Rs 775-780 for a maund of 20 kg here and at Rs 800-805 for delivery at Kadi.
In Maharashtra, the A-grade low micronaire (29 mm) variety quoted at Rs 31,500-32,000 a candy and the high micronaire at Rs 32,300-32,700. In Madhya Pradesh, the former quoted at Rs 31,500-32,000 and the latter at Rs 32,300-32,700 a candy.
The fibre traded steady to weak in North India, where 3,200 bales arrived, as sales rose amid normal demand.
The J-34 RG quoted at Rs 3,550-3,590 a quintal in Punjab, at Rs 3,470-3,480 in Haryana and at Rs 3,460-3,470 in Rajasthan.
The yarn export registrations stood at 62.881 million kg in April, down 11.88 per cent from 71.36 million kg in the same period last year, according to the Directorate General of Foreign Trade's data.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.