CCI receives good response to cotton e-auction: ICF

14 Jul '15

4 min read

The monsoon has been favourable till now and as per market reports, Telengana and Seemandhra region may see increase in cotton sowing this year due to support provided by CCI in this region.

CCI has sold good quality Guntur, Adilabad and Warangal 30 mm Bunny cotton at Rs 34,400 spot. Good quality 31mm stock Mcu-5 is quoted at Rs 35,500 spot per candy by ginners.

The monsoon has been timely due to which in the region near Mysore, sowing has been completed and in North Karnataka; cotton sowing may be nearing completion.

While in areas around Raichur and upper Krishna belt, cotton sowing is yet to begin, as the region received rains recently, which is usual almost every year.

28.5mm Bunny was quoted at Rs 34,500 spot while good quality 30mm stock lots were sold at Rs 35,500 spot. Good quality Jaydhar cotton was sold at Rs 26,500 spot per candy.

The cotton arriving in Paramakudi in Tamil Nadu is having high moisture content and farmers are getting a price of Rs 3,200 per quintal.

Cotton lint prices were steady and arrivals have been progressing and sowing is also in progress. However, mill demand for cotton is moderate, due to slow movement of yarn. (AR)

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