Indian cotton arrivals drop in first fortnight of Jan

Kappas arrivals are expected to increase as farmers may start bringing their kappas stocks. Good quality Mech-1 is quoted Rs.42,800/-Spot per candy while low micronaire Mech-1 is quoted at Rs.42,000/- Spot per candy. Vani, Parbhani etc. mandies are receiving lots regularly. 

Madhya Pradesh:

In M.P, MECH.1 - 30mm with 3.8 + mic quality is being, transacted at Rs.42,700 /cdy spot, from Khargone, Sendhwa stations. Regarding, DCH.32, continuous export demand from Bangladesh kept the rates firm.

Still micronaire in DCH.32, is causing concern, with variation ranging from 3.0 to 3.8, depends on the areas of growths. Good quality bunny is quoted at Rs. 42,700/- spot per candy while Dch-32 is priced at Rs.65,000/- Spot per candy. Ratlam, Sendhwa, Burhampur, Khargone and jabhua etc mandies reported arrivals in fairly good quantity and DCh32 Kappas prices were fairly good.

Andhra Pardesh

The kappas prices in Andhra Pradesh is at Rs.5050 per quintal and good quality 30mm Bunny cotton is quoted at Rs.43,000/-Spot per candy. But Mills are hesitant to buy at the current prices In Guntur 31 mm was quoted at Rs 44,000/-spot per candy. In Warangal 30 mm was quoted at Rs.43,500/-spot per candy. Khammam, Adilabad reported good arrivals. Here again quality complaints like moisture, low mic, etc. were reported by dealers.

Karnataka:

Approximately 50% kappas has arrived in the North Karnataka region and approximately 40% kappas has arrived in the Raichur, Yadgiri and Jawargi areas bordering Andhra Pradesh. Farmers are reluctant to bring kappas as they want better prices for their produce. As per news paper reports the Agriculture Department of Karnataka has recommended the farmers to sell their chilly produce at the moment and sell their kappas in February.

Good quality 29mm Bunny is quoted at Rs.42,700/- per candy spot and good quality 30 mm bunny is quoted at Rs.43,800/-spot and Dch-32 of good parameters is quoted at Rs.68,000/-Spot per candy.

Tamil Nadu:

New crop kappas is arriving in areas surrounding Salem, Perambalur, Tiruppathur, Vizhuppuram, Panruti, Annur etc. and the quality is good this season like last year and farmer’s are fetching good rates for their kappas at the moment due to good demand from local Mills.

Ginner’s are selling 31 mm Bunny cotton for Rs.47,000/- Spot per candy. Mills are in a confused state due to the sudden fluctuation of cotton prices in the last fortnight. So far about 70000 bales might have arrived. Land Preparation for summer crop planting began in Thanjavur, Thiruvarur, Nagapattinam, Erode, part of Salem district.

International

The New York index was steady to firm in around 84.79 cents per lbs with A index at 89.45 per lbs. This may lead to increase in cotton quotes by traders for international cotton and Indian cotton. China’s cotton stock stocking policy is being closely monitored by global cotton market analysts and advisors and investors. Pakistan cotton prices firmed up on renewed demand from mills.

Indian Cotton Federation