Cotton trades higher in West India

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 Mumbai – Cotton traded higher in West India Tuesday on strong demand, although traders said that selling may emerge at current higher level.

South based mills bought around 11,000 bales yesterday from Gujarat.

Gujarat, new A grade S-6 cotton traded at Rs 37,300- 37,800 per candy and B grade cotton at Rs 37,000-37,300 per candy. Prices of New V 797 offered at Rs 30,000-31,000 a candy.

In Maharashtra A grade cotton low micronaire quoted at Rs 38,000-38,500 per candy and A grade high micronaire cotton 29+ MM quoted at 38,500-39,000 per candy.

In Madhya Pradesh, A grade cotton low micronaire quoted at Rs 38,000-38,500 per candy and A grade high micronaire cotton 29+ MM quoted at 38,500-39,000 per candy

Source: http://www.moneycontrol.com/commodity/comm_news.php?autono=180826&type=MKT

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