Cotton prices display softening trend

01 Sep '08

4 min read

MAHARASHTRA
The cotton lint prices maintained a range between Rs.27500/- to 28200/- per candy spot for 28-30 mm as per reports. The scattered rain movement could help few tracts. Farmers are of view that the regain of plant health to have a potential high yield wherever possible.

ANDHRAPRADESH
The cotton lint prices continued to rule easy to steady trend during the current fortnight. MCU 5 was ruling Rs.29600/- to Rs.30000/- per candy spot. Monsoon revived in many tracts.

Farmers are having vigorous plans to continue cotton sowing this season also. Seed suppliers are also positioned well to meet the needs of farmers. A.P. reports indicate bright prospects for a good crop following the recent good spell of rains

KARNATAKA
The cotton lint prices ruled steady to firm tendency during the current fortnight. DCH32 was ruling between Rs.32500/- to Rs.33000/- per candy spot.

ELS crop will be much less this season as part has already damaged due to draught. Revival of rain, though late may help the standing crops. There are diversion to other crops by farmers due to untimely rains.

TAMILNADU
The cotton lint prices continue to be highest in the recent years. Local arrivals continue in delta districts, though in small lots, Konganapuram, Tiruchengode, Mallasamudram, and Vizhuppuram markets.

Around 500 bales are arriving daily in each market. The ruling prices of different areas of Tamil Nadu are published in this news letter also.

Mills are of the view that the cotton lint prices are still ruling high compared to last season. Scattered rains are reported. The sowing plan on the rainfed area of certain tracts are in Farmers mind, as they could bargain good prices.

SOUTH INDIA COTTON ASSOCIATION

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