Cotton blooms on export demand

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Cotton prices moved up on the back of good export demand as well as increased domestic buying. Arrival of the fibre improved but farmers are not selling their commodity in a big way which lifted raw cotton or kapas price.

Traders said that export demand from Pakistan, Myanmar and Bangladesh is good which supported the price rise. Gujarat Sankar-6 cotton gained ₹200 to ₹33,200-300 per candy of 356 kg.

About 50,000-60,000 bales (of 170 kg each) arrived in Gujarat and 1.50 lakh bales arrived in India.Kapas was up ₹10 to ₹860-880 per 20 kg and gin delivery kapas moved up to ₹880-905. Cottonseed increased by ₹10 to ₹410-420.

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