Cotton prices were unchanged on limited demand from mills and exporters. Traders said that the season is at its end, so demand is subdued.
A broker said that domestic mills demand was there in the market. Exporters’ buying was limited. There is no hope for any big demand and price may decrease this week. Gujarat Sankar-6 best quality cotton was traded at ?42,000-500 for a candy of 356 kg. Average cotton price stood at ?39,000-40,000 and lower grade cotton was quoted at ?35,000-38,000.
About 30,000 bales of 170 kg each of cotton arrived in Gujarat and 80,000 bales arrived in India. Kapas or raw cotton declined by ?5 to ?880-1,050 for a maund of 20 kg. Gin delivery kapas was ?1,050-60. Cotton seed was quoted at ?375-390.
Source:- thehindubusinessline.com
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