Mumbai – Cotton traded down Rs 200-300 per candy in West India on Friday. Cotton prices are down on lower international market and Competition Commission of India (CCI) has started the enquiry in duty draw back on which yarn market is down. Arrivals reported around 27,000 bales in the country.
Gujarat, new A grade S-6 cotton traded at Rs 32,500- 32,800 per candy and B grade cotton at Rs 32,000-32,500 per candy. Prices of New V 797 offered at Rs 26,000-26,500 a candy.
In Maharashtra A grade cotton low micronaire quoted at Rs 32,000-32,500 per candy and A grade high micronaire cotton 29+ MM quoted at 32,500-33,000 per candy.
In Madhya Pradesh, A grade cotton low micronaire quoted at Rs 32,000-32,500 per candy and A grade high micronaire cotton 29+ MM quoted at 32,500-33,000 per candy.
Source: http://www.moneycontrol.com/commodity/comm_news.php?autono=179219&type=MKT
