Cotton price at Indian market remained unmoved

Cotton price remained unmoved as a result of normal export and domestic demand. Kapas or raw cotton also traded flat. About 60,000-62,000 bales of cotton arrived in Gujarat and 2 lakh bales arrived across the country.

Gujarat Sankar-6 cotton was quoted at Rs.46,600-46,700 for a candy of 356 kg. Kapas was traded at Rs.1,050-1,085 for a maund of 20 kg and gin delivery kapas stood on Rs.1,085-1,100 a maund in Rajkot.

On the National Commodity and Derivatives Exchange, kapas April contract increased by Rs.4 to Rs.980.50 a maund, with an open interest of 18,037 lots.

As per Rajkot-based cotton broker, buyers were buying hand-to-mouth which kept the demand normal, though there was some export inquiries. Demand is likely to move up in the coming days.

Recent Posts

Loftex promotes sustainability with innovative towel collection

Loftex USA is strengthening sustainability with the launch of eco-friendly towel sets, blending innovative performance features with luxurious designs.

24 hours ago

Toray Industries produces sustainable acrylic fiber

Toray Industries, Inc. announced that starting this April, it will implement the mass balance approach in manufacturing its TORAYLON™ acrylic…

24 hours ago

Cxffeeblack, COMOCO Cotton develop sustainable t-shirt

Cxffeeblack has joined forces with COMOCO Cotton, a sustainable textile company, to create a special coffee-dyed T-shirt made from unbleached…

24 hours ago

Nikwax launches new standard in waterproof down technology

Nikwax has unveiled its latest innovation, the Direct.Dry Down line, setting a new benchmark in waterproof down with great performance…

2 days ago

Wrangler, Accelerating Circularity launch recycled cotton jeans

Wrangler x Accelerating Circularity jeans are proving that post-consumer and post-industrial cotton can be effectively reused in everyday clothing.

2 days ago

Bcomp, Tras introduce flax-based composites to moto racing

Swiss cleantech innovator Bcomp has partnered with Japanese composite specialist Tras to bring natural fibre solutions to the world of…

2 days ago