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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.

Related Keywords: cotton, Depreciation, Dollar, Mills, Rajkot, Rupee, Textile

The cotton prices last month saw a rise, by Rs 2,500 a candy (356 kg) due to the soaring demand from mills and exports. At the same time, restricted selling by farmers was seen as one of the reasons for inflation in cotton prices. According to industry sources, prices moved up from Rs 38,300-38,500 a candy to Rs 40,800-41,000.

As per Arun Dalal of Arun Kumar & Co, a leading cotton trader from Ahmedabad, due to improved export, there has been a heavy rise in demand from domestic mills. To create stock, domestic yarn mills also bought cotton in large quantities during December.