Spot Cotton Purchase Downturn In Western India

2010/8/27 15:33:00 50

Wednesday, quality in Western India

cotton

The price fell by 100-200 rupees / candy, because the price was high and the number of purchases decreased.

Gujarat's S - 6 cotton trade price is 32800-33300 rupees / candy, and V-797 cotton trading price is 23700-23900 rupee / candy.

The price of S-6 cotton delivered in November and December was 32500-32600 rupees and 32000-32200 rupees respectively.

In Maharashtra and central bond, the new cotton 28+MM quotes 31000-31500 rupees / candy, and the new cotton 29+MM offers 31500-33300 rupees / candy.

The cotton delivered in November and 12 were quoted at 31500-31900 rupees and 31300-31500 rupees / candy respectively.

cotton

Price

Steadily rising, almost can be described with every passing day. Cotton experts say the main reason is that cotton mills are ordering new cotton, while new cotton is expected to enter the market only in October.

Domestic and foreign markets have strong demand for Shankar-6 cotton in Gujarat, India. The current offer is at 30500-31000 rupees / candy (1 candy = 356 kg).

Experts say another reason is that the stock in the market in the past year is very low.

At the same time, the government will relax the cotton export policy from October.

Exporter

Demand is also growing.

Mr NP Hirani, President of Maharashtra co operative cotton growers association, said cotton production was 32 million 500 thousand packs last year, and this year's output is expected to record a record of 40 million bags.