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Limited demand for cotton kept prices unmoved

YarnsandFibers News Bureau 2014-05-09 10:15:00 – Rajkot

Limited demand for cotton kept prices unmoved on Friday. This time about 32,000 bales (of 170 kg each) of the fibre arrived in Gujarat and 1 lakh bales across the country.

According to traders, mostly domestic mills were buying at this time and export demand was very nominal. This time, cotton price may rule in the coming days as fresh demand might be hard to obtain.

Gujarat Sankar-6 cotton traded at Rs.43,800-44,000 for a candy of 356 kg. B grade cotton stood at Rs.41,000-42,000 and lower grade cotton was quoted at Rs.36,000-37,000.

Further, as ginning activitiy in Gujarat is lower due to end of the season, Kapas or raw cotton was also unchanged. Kapas was traded at Rs. 920-1,080 for a maund of 20 kg. Gin delivery kapas was Rs.1,060-80 in Gujarat. Cotton seed was traded at Rs.400-415 in Rajkot.

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