All India cotton arrivals drop in fortnight ending Apr 30

14 May '14

5 min read

Maharashtra:

As per trade sources approximately 75 lakh bales have been pressed in Maharashtra till now and approximately 10 lakh bales were lying as stock in the form of kappas or bales with ginners and traders. The price quoted for good quality 29mm Mech-1of Wani was Rs.44,000/-spot per candy.

Madhya Pradesh:

In M.P, daily arrivals were around 5,000 bales only and price of 29mm and 3.7mic Mech.1 was quoted at around Rs.42,000 per candy spot during beginning of the fortnight, which later went up to Rs.43,500 spot per candy. Very limited stocks of 34mm quality, were quoted at Rs.59,000/cdy spot, and 35mm was quoted at Rs.63,000/cdy spot.

Andhra Pradesh:

As per trade sources approximately 61 lakh bales have been pressed in Andhra Pradesh and approximately 10 lakh bales were lying as stock in the form of kappas or bales with ginners and traders. The price quoted for good quality Guntur Mcu-5 of 31mm was Rs.44,500/-spot per candy.

Karnataka:

As per trade sources approximately 19 lakh bales have been pressed in Karnataka till now and approximately 3 lakh bales were lying as stock with farmers, ginners and traders in the form of kappas or cotton. Good quality Bunny of 29mm was sold at Rs.41,000/- Spot per candy in Raichur while good 30mm cotton in North Karnataka was sold at Rs.44,650/-Spot per candy. Quality cotton is becoming scarce as the season is coming to an end.

Tamilnadu:

The seed cotton arrivals have been continuing and crossed 2.5 lakh bales so far as per field reports. Pre monsoon showers have been experienced in many tracts and were a relief to standing plants and to complete sowing as per farmers group. Group farming / village level one variety is being experimented by farmers group to help in marketing of seed cotton.

Few have gone to the extent of selling the cotton lint after getting the produce ginned to realize a better price. Mills demand is prevalent and the prices were on a steady trend with no supply bottlenecks. Inflow of cotton lint from up country states was also steady. Mills were still working on schedule, though power cut was prevalent. Yarn and valued added textile exports have improved with Chinese demand in particular.

International:

World Cotton prices displayed a marginal increase in price quotes with New York prices rule around 92.38 cents per lb for May 14 and Cotlook A Index at 94.20 cents per lb on 28.4.2014. The sales from China’s cotton reserve were on the rising side and domestic prices were also attractive. Chinese mills consumption showed a diminishing trend since 2010/11, when the cotton reserves policy as per ICAC reports began.

INDIAN COTTON FEDERATION

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