Cotton flat on limited buying


Cotton remained unchanged on weak demand from local mills. Moreover, after a price rise over the past two weeks, buying from exporters also decreased. Traders said that as prices went up over the past couple of weeks, overall demand declined, which kept prices steady on Monday. In the current situation, cotton prices may decline in near future. Gujarat Sankar-6 cotton traded at ₹34,500-35,000 per candy of 356 kg.

About 20,000 bales of cotton arrived in Gujarat and 450,000 bales arrived in India. Kapas or raw cotton was traded flat on limited demand from ginners. Kapas quoted at ₹960-1,010 per 20 kg and gin delivery of kapas stood at ₹1,020-1,045 per 20 kg. Cotton seed traded at ₹470-515 per 20 kg.