Cotton blooms on export enquiries


Cotton price moved up on the back of fresh export and demand from domestic mills. Moreover, slower arrivals also supported the price to go up.

According to Rajkot-based cotton broker, the price of cotton may rise further during this week as quality stock is not available. Gujarat Sankar-6 cotton moved up by ₹500 to ₹43,500-44,000 for a candy of 356 kg. B grade cotton was traded at ₹41,000-42,000 and lower cotton for ₹36,000-38,000.

About 30,000-35,000 bales of cotton arrived in Gujarat and 90,000-100,000 bales arrived across the country.

For the last couple of days, there is good export demand, said traders. Kapas or raw cotton traded higher by ₹10-15 in Saurashtra. At Rajkot, kapas was sold at ₹920-1,105 for a maund of 20 kg. Gin delivery kapas was traded at ₹1,100-1,130 .

Cottonseed was quoted at ₹400-414 a maund in Saurashtra.

– The Hindu