Cotton slips further on poor buying

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Cotton prices moved down on the back of weak demand from domestic mills at the higher level. Kapas or raw cotton, however, remained unchanged. Gujarat Sankar-6 cotton was down by ₹300-500 to ₹46,000-47,000 per candy of 356 kg. About 2,000 bales of 170 kg arrived in Gujarat and 5,000 bales arrived in India. Kapas was at ₹1,225-80 per 20 kg and gin delivery kapas stood at ₹1,280-1,320. Cottonseed edged down by ₹5 to ₹625-635 on slack buying by crushers.

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