Rajkot, April 17:
Cotton prices dropped on the spot market on slow demand from exporters
and domestic mills. Moreover, speculative trend in the futures market
also aided the downtrend. Gujarat Sankar-6 cotton dipped by ₹200 to
₹33,000-500 for candy of 356 kg. About 20,000 bales (of 170 kg) arrived
in Gujarat and 45,000 bales arrived in India. However, traders are not
expecting much downfall in price as supply is decreasing. According to
market sources, nearly 80 per cent of the total production has arrived
so far. Kapas or raw cotton too was traded weak as demand from ginners declined marginally. Kapas in Saurashtra region lost ₹5-7 to ₹890-900 for a maund of 20 kg and gin delivery kapas was ₹910-915. Cottonseed went for ₹405-410. 
सदस्यता लें
टिप्पणियाँ भेजें (Atom)
कोई टिप्पणी नहीं:
एक टिप्पणी भेजें