Cotton rules flat on limited buying

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Cotton prices traded unchanged on limited demand while kapas or raw cotton moved down marginally on slow ginning demand. Traders said that demand from domestic mills for the fibre was limited and buying for export was lower which kept the cotton price unchanged on Friday.

Gujarat Sankar-6 cotton was ₹34,500-35,000 per candy of 356 kg. About 18,000 bales of 170 kg each arrived in Gujarat and 40,000 bales arrived in India. Kapas lost ₹5 to ₹975-1,000 per 20 kg and gin delivery kapas stood at ₹1,000-25. Cottonseed remained unchanged at ₹470-525.

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