New Delhi, January 25 (Commodities Control): Cotton prices in Karnataka remained stable on Saturday due to limited purchases by spinning mills, with daily arrivals of Kapas coming to a halt in the state's markets.
Traders noted that the spinning mills in Karnataka are cautious about increasing their inventory, opting to buy cotton only as per immediate requirements. However, mills are reportedly running low on their outstanding cotton stock, and as soon as yarn demand picks up, they will likely be compelled to make more purchases. Despite this, Kapas and cottonseed prices have maintained stability in the region.
On Saturday, the arrival of Kapas in Karnataka’s markets was recorded at 10,000 bales, each bale weighing 170 kg, consistent with the previous trading day’s arrivals.
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(By CommoditiesControl Bureau; +91-9820130172)