New Delhi, May 20 (Commodities Control): Cotton prices remained stable in Lower Rajasthan for the fourth consecutive trading on Monday, attributed to limited demand from spinning mills. The daily arrival of Kapas in the state's mandis also held steady.
According to traders, the spinning mills in Lower Rajasthan are exercising caution, purchasing only minimal quantities of cotton to avoid taking on additional risk. This conservative approach stems from the recent global decline in cotton prices, which has exerted downward pressure on the domestic market. Consequently, demand for cotton and cotton yarn in the domestic market has been adversely affected.
Despite the current price stability, ginning mills in Lower Rajasthan are struggling to achieve profitability at these levels. However, with a weak customer base, there appears to be little prospect for a rise in cotton prices in the near term. Cottonseed prices have also stabilized alongside Kapas prices.
The arrival of Kapas in Lower Rajasthan's mandis today was reported at 200 bales, each weighing 170 kg, consistent with the arrival figures from the previous trading day.
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(By CommoditiesControl Bureau: +91-9820130172)
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