Textile Mills And Exporters Purchase To Boost Cotton Prices In India
On Monday, cotton prices in India were stimulated by demand from textile mills and exporters.
Sankar 6 cotton trading price 34100-34400 rupee / candy, rose 200 rupees, guiarat state arrived 62000 bags, 170 kg per pack. The total quantity of goods arrived in other parts of the country is 190 thousand bales. The price of Kapas or raw cotton rose by 10 rupees to 840-845 rupees / mendeld, and the delivery price of Caddy was 860-865 rupees.
In Maharashtra, the average price of new cotton is 31800-32500 rupees / candy, and the class a 29 millimeter is quoted at 33000-33400 rupee / candy. In central bond, the average price of new cotton is 31800-32500 rupees, and the class a 29 millimeter is quoted at 33000-33400 rupees.
As of December 25th, the year from October
Demand is widened because of lower prices. Owing to holidays, there is no export enquiry in the market. Prices in northern India did not rise or fall despite the increase in the number of arrivals. Dealers said that prices could not go down as textile mills increased procurement volumes.
In northern India, the number of new cotton arrivals is 35000 bales. Spot trading in Punjab is 3410-3445 rupees / weight. In the state of Harry
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