Indian cotton arrivals dip on hopes of price rise

PUNJAB, HARYANA AND RAJASTHAN:

Kappas arrivals have dropped to approximately 15000 bales per day in this region. Local Mills are actively buying cotton even though the prices have gone up by Rs.40 per maund in the last two days. The prices quoted for J-34 r/g in Punjab was Rs.4280/- per maund spot while in Haryana quotation for J-34 r/g was Rs.4200/- per maund spot and in Rajasthan J-34 r/g was quoted at Rs.4180/- per maund.spot Bengal Desi s/g was quoted at Rs.3800/- per maund spot .

GUJARAT:

Kappas arrivals everyday was approximately 35000 bales in Gujarat at present. Good buying was reported mainly from North Mills. Prices quoted for good quality S-6 cotton was Rs.39,200/-Spot per candy while average quality S-6 was sold at Rs.38,500/- Spot.per candy V-797 r/g was quoted at Rs.29,200/-Spot per candy .

MAHARASHTRA:

Daily kappas arrivals were approximately 25000 bales. Good enquiry was reported from both North and South mills in this region. Prices quoted for good quality 30mm Bunny was Rs,39000/-Spot per candy while 29mm Mech-1 was quoted at Rs.38,600/-Spot per candy and low micronaire cotton was priced at Rs.37,500/-Spot per candy.

MADHYA PRADESH:

Kappas arrivals are dropping down quickly. Good quality Bunny was quoted at Rs.39,000/-Spot per candy and DCH-32 was quoted at 48,500/-Spot per candy. In M.P.top quality DCH.32 with 35mm S.L is getting depleted in Quantity and out of total crop estimation of about One lakh bales, about 5000 to 6000 bales of top quality is lying with Ginners and Traders. Major quantity, this year was exported to Bangladesh and Pakistan through Calcutta based Traders.

ANDHRA PRADESH:

Arrivals are very poor and in centres like Adilabad good quality 29mm bunny wad quoted at Rs.39,500/ -Spot per candy while in Guntur 30mm Bunny was sold at Rs.40100/- Spot per candy and in centres like Warangal 29mm Bunny was transacted at Rs.39,600/-Spot per candy. At centres like Adoni 28mm cotton was sold at Rs.38500/-Spot per candy.

Quality is average and lot of variation in length is observed in most centres as Farmers are bringing 15% kappas of present arrivals mixed with their old stocked kappas which cannot be segregated. More of immature kappas has also started arriving since last month as the third pick of kappas was started.