Limited export demand may lead to drop in cotton prices

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.

Recent Posts

LYCRA showcases renewable fiber innovations

The LYCRA Company is presenting a range of new fibre technologies, focusing on performance, comfort and the use of recycled…

13 hours ago

DITF explores converting wind turbine blades into textile fibers

The German Institutes of Textile and Fiber Research Denkendorf is exploring how retired wind turbine blades could be turned into…

13 hours ago

Corn, beeswax-based textile treatment to offer PFAS finishes alternative

University of Texas has developed a textile treatment made from corn-derived protein and beeswax to help fabrics resist water and…

13 hours ago

Researchers develop selective recycling process for polyester blends

Researchers have developed a recycling process to break down polyester in blended textiles while preserving cotton and spandex present in…

2 days ago

Aalto researchers remove dye from cotton for recycling

Researchers have developed a two-step process that can remove up to 99.3% of colour from reactive-dyed cotton while keeping most…

2 days ago

Indorama Ventures partners to launch biodegradable wash mitt

Schülke, Nitto, Indorama Ventures and Polymateria have launched a new biodegradable disposable wash mitt in Germany, Switzerland, Austria and Spain.

2 days ago