Indian seed cotton arrivals slip further

Good quality stock lots of Bunny 29mm in Adilabad was quoted at Rs.37,000/-Spot per candy. While in Warangal good quality of 30mm was quoted at Rs.37,500/- Spot per candy . In Guntur average quality 31mm was quoted at Rs.38,000/-Spot and Good quality stock lots were priced at Rs.39,500/-Spot per candy.

KARNATAKA:

Average quality 28mm current arrivals were sold at Rs.38,000/-Spot per candy while current arrivals of 29mm was sold at Rs.38,500/-Spot per candy and good stock lots of 30mm were quoted at Rs.39,500/ -Spot per candy. Dch-32 is available with handful of the ginners and they are quoting Rs.49,500/- Spot per candy. Prices quoted for Jayadhar was Rs.31,000 Spot per candy.

TAMILNADU:

Good quality 29mm Surabhi cotton was sold at Rs.40,000/- Spot per candy and DCH-32 Rs.50,000/ - Spot per candy for Surabhi mixed quality while for Good quality of 35mm Rs.52,000/- Spot per candy was quoted. Cotton arriving in Paramakudi is good as arrivals here have just picked up compared to areas surrounding Salem where cotton have been arriving for the last 2 months.

INTERNATIONAL:

The New York Futures market seems to be stabilizing at around 85 cents per lbs. This is due to the financial tightness worldwide and falls in various commodity markets like Gold, Crude, etc.

Indian Cotton Federation