New Delhi, June 26 (Commodities Control): Cotton prices remained stable in Lower Rajasthan on Wednesday as spinning mills reduced their purchases due to increased prices.
Traders report that although cotton prices in the state have been high for the past two days, local demand for yarn has not kept pace. Consequently, reduced purchases by mills at higher prices have led to a stabilization of cotton prices. However, experts predict that spot market prices may rise in the future. The ginning mills in the state are experiencing a disparity with the current cotton prices, resulting in weak selling from ginners.
Today, the domestic futures market showed a bullish trend for cotton prices. Kapas prices stabilized at Rs 1,627 per 20 kg in the April-25 futures contract on NCDEX. Meanwhile, cotton prices in the July-24 futures contract on MCX rose by Rs 210 to Rs 59,100 per candy.
(685)(1).png)
(By CommoditiesControl Bureau: +91-9820130172)
0 Comments 
Post Comment 
