Mumbai – Cotton quoted mostly stable in south India, although demand improved after recent slump in prices.
In Adilabad, new cotton traded at Rs 34,500-35,000 per candy. In Guntur, 31/32 MM cotton offered at Rs 36,500- 37,200 a candy. In Warangal, 30/31 MM cotton quoted at Rs 35,500- 36,000 a candy.
In Karnataka, Jaidhar 22+ MM cotton traded at Rs 29,500- 31,500 a candy, 29 MM quoted at Rs 34,800- 35,500 a candy and 30 MM at Rs 36,000-36,500 per candy.
Source: http://www.moneycontrol.com/commodity/comm_news.php?autono=171604&type=MKT
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