Cotton blooms on short supply

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Cotton prices moved up on the back of tight supply and good demand from domestic mills. Though, kapas or raw cotton traded flat on moderate demand and cottonseed marginally declined on limited buying. Gujarat Sankar-6 cotton gained ₹500 to ₹48,000-48,500 per candy of 356 kg. About 700-800 bales of cotton arrived in Gujarat and 2,000 bales arrived in India.Kapas was unchanged at ₹1,280-1,310 per 20 kg and gin delivery kapas was at ₹1,320-1,340 per 20 kg. Cottonseed lost ₹10 to ₹615-625 per 20 kg.

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