INdia: Cotton stays flat on dull demand

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Cotton prices stood unchanged on dull buying activity. Arrival of the fibre also dipped in the past few days as the harvesting season is at the fag end. Gujarat Sankar-6 cotton was traded at ₹34,200-800 per candy of 356 kg. About 5,000 bales of 170 kg arrived in Gujarat and 10,000 bales arrived in India.Kapas or raw cotton marginally declined on weak ginning demand. Kapas was down by ₹5 to ₹920-930 for a maund of 20 kg and gin delivery kapas stood at ₹930-940. Cottonseed lost ₹5 to ₹435-440.

– The Hindu

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