Cotton Prices Continue To Slack In Northern India
Tuesday,
Northern India
Cotton prices in major markets have fallen by 10-15 rupees / maund, and high price purchases have been reduced.
Obviously, in recent days, exporters and domestic demand are very good, prices continue to rise, resulting in a reduction in high priced purchases.
Market participants say
demand
Exuberant and long-term deliveries hit a record high of 3500 rupees / maund.
The recent delivery price in Punjab is 3460-3520 rupees / maund.
State of Harry
3460-3500 rupees, Rajasthan market price 3310-3360 rupees / maund.
In Punjab, after October, the price was 3300 rupees / maund, 3240 in November, rupee / maund, and 3250 rupees and 3250 rupees / maund in October and November respectively.
Supplement:
On Tuesday, the price of cotton in the western India spot market was stable. Because of the limited Rakshabandhan and limited trading, exporters and domestic demand were very good in recent days, and cotton prices continued to rise.
Gujarat's S - 6 cotton trade price is 32800-33300 rupees / candy, and V-797 cotton trading price is 23800-24200 rupee / candy.
The price of S-6 cotton delivered in November and December was 32600-32700 rupees and 32200-32300 rupees respectively.
In Maharashtra and central bond, the new cotton 28+MM quotes 30000-30500 rupees / candy, and the new cotton 29+MM offers 31600-32500 rupees / candy.
The cotton delivered in November and 12 respectively quoted 31400-31500 rupees and 31200 rupees.
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