Loading…

+917718880355

news

Limited export demand may lead to drop in cotton prices

YarnsandFibers News Bureau 2014-02-17 00:00:00 – Rajkot

Cotton prices remain unchanged, following moderate demand. Kapas or raw cotton traded flat as demand from ginners was limited. Gujarat Sankar-6 cotton traded at Rs. 42,800-42,900 per candy of 356 kg. Kapas ruled at Rs.1,050-1,090 for a maund of 20 kg, while gin delivery kapas traded on Rs.1,090-1,095 for a maund in Rajkot.

A Rajkot-based cotton broker said that demand was moderate as prices ruled higher. Moreover, export demand is limited restricted buying by ginners. In the current situation, prices may dwindle over next few days.

About 60,000 bales cotton arrived in Gujarat and 1.85 lakh bales arrived across the country.

On the National Commodity and Derivatives Exchange, kapas April contract dropped by Rs.3 to Rs.963.50/20 kg, with an open interest of 17,585 lots.

0 0 vote
Article Rating
0 Comments
Inline Feedbacks
View all comments

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
? Hello