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Weak cotton trading witnessed over dull demand for export

Related Keywords: cotton farmers, cotton prices, cotton trading activity, demand for export, domestic mill, Ginners, Gujarat Sankar-6 cotton, Indian cotton market, kapas, MSP, Rajkot

Weak cotton trading activity was witnessed at Rajkot, Gujarat as cotton prices remained unchanged and domestic mills were buying only as per their requirements as demand for export was seen dull.

Kapas or raw cotton declined marginally on lower buying from ginners. Gujarat Sankar-6 cotton was traded at ₹33,100-200 per candy of 356 kg.

About 45,000-50,000 bales (of 170 kg) arrived in Gujarat and 2.10-2.15 lakh bales arrived in India. Kapas lost ₹5 to ₹830-850 for a maund of 20 kg. Gin delivery kapas stood at ₹855-860. Cottonseed went for ₹355-370.

Limited cotton arrivals keeps prices stable

Related Keywords: cotton prices, Gujarat Sankar-6 cotton, National Commodity and Derivatives Exchange

Kapas or raw cotton prices ruled stable on Friday as demand from ginners was limited. Around 60,000-62,000 bales of cotton arrived in Gujarat state and 2 lakh bales of cotton across the country.

Traders and ginners said that arrivals are restricted since farmers are holding back their produce.

Gujarat Sankar-6 cotton traded at Rs. 42,900-43,000 for a candy of 356 kg. Kapas was quoted Rs. 1,050-1,085 for a maund of 20 kg and gin delivery kapas traded at Rs. 1,085-1,100 a maund in Rajkot.

Natural fibre trading gains over limited cotton arrival

Related Keywords: cotton prices, Gujarat Sankar-6 cotton, natural fibre

Trading of natural fibre was seen due to decrease in the cotton arrival. In the past few days cotton arrivals have decreased from 65,000 bales to 50,000 bales. According to a Rajkot-based ginner, farmers are holding back kapas and they are not willing to sell at lower price.

With the limited cotton arrival, price of Natural fibre increased by Rs200 for a candy of 356 kg. Kapas or raw cotton prices also gained.

According to brokers, demand emerged from domestic mills and exporters also began to buy to meet their immediate needs.

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